UK Unemployment Rate Hits 44-Year Low – Official Data
The British unemployment rate has struck a 44-year low, official data showed Tuesday, despite a broader economic slowdown as Brexit looms.
The jobless rate — or proportion of the workforce that is unemployed — hit 3.9 per cent in the three months to the end of January, the lowest level since 1975, the Office for National Statistics said.
That followed 4.0 per cent in the three months to December, the ONS added in a statement, while expectations had been for no change.
The total number of unemployed people slid by 35,000 to 1.34 million in the year to January, which was 112,000 lower than a year ago.
Economists said the labour market update painted a bright picture, despite a slowing economy with Britain scheduled to leave the European Union next week.
