UK unemployment at lowest rate in 42 years

UK unemployment at lowest rate in 42 years

The UK unemployment rate has fallen to 4.6%, its lowest in 42 years, as inflation outstrips wage growth, official figures show.

The number of people unemployed fell by 53,000 to 1.54 million in the three months to March, said the Office for National Statistics (ONS).

Average weekly earnings excluding bonuses increased by 2.1%.

On Tuesday, figures showed inflation hit 2.7% in April, up from 2.3%, its highest since September 2013.

The jobless rate has not been lower since the June to August period of 1975.

The employment rate, the proportion of 16 to 64 year olds in work, was 74.8%, the highest since records began in 1971.

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Source: BBC News

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