Unemployment in the UK was 4% and reached the low since 1975

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Unemployment in the UK was 4% in September-November 2018. The indicator calculated by the International Labor Organization (ILO) method has not changed much since June. This is the lowest value since 1975. Over the year, the unemployment rate fell by 0.3 percentage points, and compared to August-October, it fell by 0.1 percentage points. The number of unemployed in the country rose to 1.37 million people in three months. The percentage of employed British people grew by 75.8%, which corresponds to the maximum since 1971. At the same time, in the UK over the three autumn months another 141 thousand jobs appeared. Weekly wages increased by 3.3% for the year, taking into account bonuses - by 3.4%, the maximum rate for 10 years. The average earnings of the British rose to $680 per week. The proportion of British citizens receiving unemployment benefits and looking for a new job was 2.8%, or 1.16 million people. In December, there were 20.8 thousand more unemployed people receiving benefits. In November, the number of registered unemployed increased by 24.8 thousand people.

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