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UK unemployment rate stays at 45-year low Figures from the Office...

UK unemployment rate stays at 45-year low  Figures from the Office...
UK unemployment rate stays at 45-year low

Figures from the Office for National Statistics show that between March and May 2018 the UK unemployment rate was estimated at 3.8%, the lowest rate since 1974.

The UK employment rate was estimated at 76.0%, higher than a year earlier (75.6%); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018.

Estimated annual growth in average weekly earnings for employees in Great Britain increased to 3.4% for total pay (including bonuses) and 3.6% for regular pay (excluding bonuses).

In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.
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