The UK unemployment rate declined in the first quarter despite the recent lockdown, the Office for National Statistics reported Tuesday.
The jobless rate fell 0.3 percentage points to 4.8 percent in the first quarter. This was also below economists' forecast of 4.9 percent.
At the same time, the employment rate was estimated at 75.2 percent, up 0.2 percentage points from the previous quarter.
Data showed that annual growth in average earnings, including bonuses, came in at 4.0 percent, but below the economists' forecast of 4.5 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.