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British unemployment drops to 4.3%, the lowest since 1975

The unemployment rate in the United Kingdom stood at 4.3% between May and July, six tenths less than in the same period last year and the lowest since 1975, the Office reported today National Statistics Office (ONS).

The unemployment rate in the United Kingdom stood at 4.3% between May and July, six tenths less than in the same period last year and the lowest since the National Statistics Office (ONS) reported today.

Between May and July, unemployment, including those who benefit from the unemployment subsidy and those who do not, fell by 75,000 people to 1.46 million, the source added.

Meanwhile, the number of people benefiting from the unemployment benefit fell by 2,800 people last August to to stand at 806,000, according to the Bureau of Statistics, adding that the rise in average earnings of British workers was 2.1% between May and July.

In addition, the index of employment reached 75.3% in the quarter, the highest figure since 1971.

According to the ONS, between May and July there were 8.7 million people between the ages of 16 and 64 economically inactive - whether they were not working or looking for work - about 107,000 fewer than in the previous quarter - working through April.

ONS Statistics expert Matt Hughes said there is another " unemployment record "and a low level of job inactivity," suggesting that the labor market is strong. "

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