WORLD British unemployment rate hits record low at 3.8 pct: ONS

WORLD

British unemployment rate hits record low at 3.8 pct: ONS

Xinhua

20:53, December 17, 2019

EL_QBD_WkAE731a.jpg

File Photo

LONDON, Dec. 17 (Xinhua) -- The British unemployment rate was estimated at 3.8 percent in the three months to October 2019, hitting its joint-lowest point since the end of 1974, according to figures released Tuesday by the Office for National Statistics (ONS).

Figures showed from August to October 2019, an estimated 1.28 million people were unemployed, 93,000 fewer than the same period a year earlier and 673,000 fewer than five years earlier.

"Unemployment rates have generally been falling for the last six years,"said ONS.

Meanwhile, the employment rate in Britain was estimated at 76.2 percent in this period, 0.4 percentage point higher than the same period last year.

The employment rate for men was 80.4 percent, that for women was 72.0 percent.

"The increase in the employment rate for women in recent years is partly a result of changes to the State Pension age for women, resulting in fewer women retiring between the ages of 60 and 65 years," stated ONS.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue