British Unemployment Falls to Lowest Level since 1974; at 3.5%

  • 2/5/2023
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London, October 11, 2022, SPA -- Britain's unemployment rate dropped to its lowest level for almost half a decade as more people left the labour market completely, the dpa quoted official figures. The Office for National Statistics (ONS) said the unemployment rate fell to 3.5% over the three months to August - the lowest since February 1974. Economists had predicted that the unemployment rate would stay steady at 3.6%, the rate it hit during the previous quarter. Meanwhile, the number of British workers on payrolls rose by 69,000 between August and September to 29.7 million, the ONS said. --SPA 11:08 LOCAL TIME 08:08 GMT 0009 www.spa.gov.sa/w1796485

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