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British unemployment rate hits 44-year low as wage hikes

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Christian Fernsby |
UK workers
Britain   Before adjusting for inflation, average weekly wages increased 3.5 percent

Unemployment rate in the UK was estimated 3.9 percent in the three months to February, hitting its lowest point since early 1975, according to data released Tuesday the Office for National Statistics (ONS).

Meanwhile, British employment rate was estimated the highest since comparable records began in 1971.

Before adjusting for inflation, average weekly wages, including bonuses, for employees in Britain increased 3.5 percent, compared with a year earlier.

Matt Hughes, deputy head of Labour Market, said: "the jobs market remains robust, with the number of people in work continuing to grow."

"The increase over the past year is all coming from full-timers, both employees and the self-employed," Hughes said.

Philip Hammond, Chancellor of the Exchequer, said on twitter that "ONS figures show we're delivering more jobs and higher wages and our tax cuts from this month mean over 30m people will keep more of what they earn."


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