The unemployment rate in Britain has fallen to its lowest level since last summer
London, April 21 / WAM / Official statistics showed that the unemployment rate in Britain unexpectedly fell to the lowest level since last summer, in light of the increasing stagnation in the job market and the decrease in job vacancies.
The British National Statistics Office reported today that the unemployment rate fell to 4.9% during the three months until last February, compared to 5.2% during the three months until last January, reaching the lowest level since August last year.
He attributed the decline to the escalation of the recession, especially among students, which rose by 70,000 during this quarter.
The statistics also showed that average wage growth declined to 3.6% during the three months until last February, compared to 3.8% during the previous three months, to remain at the lowest level since November 2020.
Job vacancies decreased by 29,000 within three months to reach 711,000, which is the lowest level since April 2021.
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