Unemployment Figure Lowest In UK Since 1975

May 17, 2017 11:21 pm0 commentsViews: 25

Unemployment was recorded to the lowest level in March since 1975 in United Kingdom, reveals data released from the Office for National Statistics.

The report added businesses in Britain kept on hiring people and now a total of 31.95 million people are on job, which is 74.8 percent.

In the months of February to April this year the joblessness dropped to 4.6 percent, which is the lowest level since 1975.

The statistics further reveals there are 1.54 million people presently jobless and this figure is lowest since 2005.

Between the same three months more vacancies were on offer and so more people will be hired in coming few months. The number of jobs advertised was 777,000.

Besides all these, the data reveals pay increased below the increase in prices. Between January and March the increase was 2.4 percent where as prices were hiked by 2.7 percent in April.

The Bank of England Governor Mark Carney meanwhile said some of the companies in UK were hesitant in ploughing cash into new projects as the future of the country remained uncertain in terms of Brexit and relationship with European Union.

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