Unemployment in the UK is at the lowest since February 1975 level of 4%

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In the fourth quarter of 2018, unemployment in the UK was 4%, showing the lowest level since February 1975 and slightly decreasing from 4.1% in the previous quarter, data from the Office for National Statistics showed. The unemployed for this period decreased by 14 thousand, and for the year - by 100 thousand. Their number was 1 million 360 thousand people. Employment rose to the highest since 1971 level of 75.8%. The British economy has added 167 thousand jobs over the quarter. Their number reached a record of 32.6 million. In the last quarter of last year, the average weekly wage continued to grow. The index rose by 3.4% in the same way as in the previous quarter.

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