UK unemployment falls to 3.8%, says ONS

UK unemployment falls to 3.8%, says ONS

UK unemployment
UK unemployment hits a 42-year low.

The UK unemployment rate for the first three months of 2019 fell to 3.8%, marking the lowest level since 1974.

The Office for National Statistics (ONS) said that the unemployment level fell from 3.9% the previous month.

Meanwhile, the UK employment also rate rose to 76.1%.

The ONS also said that average weekly earnings in the UK rose by 3.3% during the period.

The government employment figure, Alok Sharma, welcomed the figures. He commented:

“Rising wages and booming higher-skilled employment means better prospects for thousands of families, and with youth unemployment halving since 2010, we are creating opportunities for all generations.”

“We now need to shift some of our focus to up-skilling people and supporting them into roles with real career progression to create a modern workforce fit for the challenges of the 21st Century.”

The unemployment figures are a welcoming sign that the UK economy is more resilient then expected given ongoing political and economic volatility.

The ONS is an independent non-ministerial department that supplies national statistics for the UK. It was formed back in April 1996.