The unemployment rate in the UK is at the lowest level in 44 years

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The unemployment rate in the UK for the period from November 2018 to January 2019 has decreased to a minimum level of 3.9% since 1975 versus 4.1% in the previous 3 months, the Office for National Statistics reported, based on the calculation method of the International Labor Organization. The number of unemployed was 1 million 340 thousand people, having fallen by 112 thousand over the year. The employment rate reached a record of 76.1%. During this period, the number of jobs also reached a record level of 32,710,000, which is 473,000 more than in the previous three months. Since 2008, the annual growth of the average weekly wage, which included bonuses without bounties, has also shown record levels. This figure increased by 3.4%.

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