• Register

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Unemployment in Britain in the first quarter fell to the lowest since 1974

May, 17 2022
watermark Economic news

According to statistics from the National Statistical Office (ONS) of Great Britain, unemployment, calculated according to the methodology of the International Labor Organization (ILO), in January-March 2022 fell to 3.7%, which was the lowest since December 1974.

In the period from December 2021 to February 2022, unemployment was 3.8%. Economists expected the indicator to remain unchanged.

ONS data indicate that the employment rate in the country continued to grow in April. The number of jobs increased by 121 thousand last month and reached 29.5 million, and the number of open vacancies reached a record 1.295 million.

Analysts of the department note that for the first time since the calculations, the number of unemployed turned out to be less than the number of vacancies.

The average salary of Britons in the first quarter of 2022 increased by 4.2% in annual terms. At the same time, adjusted for inflation, salaries decreased by 1.2%.

Top Top