UK jobless rate hits 42-year low | The Daily Star
12:00 AM, September 14, 2017 / LAST MODIFIED: 12:00 AM, September 14, 2017

UK jobless rate hits 42-year low

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Britain's unemployment rate has fallen to a new 42-year low, official data showed on Wednesday, but wages growth remains far below overall inflation.

The unemployment rate fell to 4.3 percent in the quarter through to the end of July, reaching the lowest level since 1975, the Office for National Statistics (ONS) said in a statement.

It had stood at 4.4 percent in the three months to June.

Employment reached a new record high of 32.1 million workers, as the number of people in jobs increased by 181,000 in the three months to July 2017.

A total of 1.46 million people were recorded unemployed at the end of July, down 175,000 on a year earlier. But growth in wages continue to lag behind Britain's annual inflation rate, which ONS statistics Tuesday showed had jumped to 2.9 percent in August from 2.6 percent in July.

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