U.K. Unemployment Lowest Since 2009 Amid Record Job Creation
This article is for subscribers only.
Britain’s unemployment rate fell to a five-year low in the first quarter as the economy created work at a record pace, evidence the recovery is sustaining momentum.
The jobless rate measured by International Labour Organization methods dropped to 6.8 percent from 6.9 percent in the three months through February, the Office for National Statistics said in London today. While the data also showed wage growth outstripping inflation for the first time since 2010, it was slower than economists forecast.