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UK unemployment rate holds at 43-year low
LONDON, Oct 16, 2018 (BSS/AFP) – Britain’s unemployment rate remained at
4.0 percent in the three months to August, the lowest point since 1975, and
official data showed Tuesday.
The jobless rate — the proportion of the workforce that is unemployed —
stood at the same level in the three months to July, the Office for National
Statistics said in a statement.
The ONS also revealed a pick-up in the pace of wage growth.
Average earnings excluding bonuses increased by 2.7 percent in the year to
August, from 2.6 percent the previous month.
However, including bonuses, earnings grew by 3.1 percent — the best level
for almost a decade. That compared with 2.9 percent in the prior period.
BSS/AFP/IJ/1543 hrs