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European Economic News

UK Unemployment Rate Rises Marginally

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The UK unemployment rate rose only marginally in the first quarter, data from the Office for National Statistics showed Tuesday.

The ILO jobless rate came in at 3.9 percent, well below economists' forecast of 4.4 percent.

The ONS said the unemployment rate was 0.1 percentage points higher than a year earlier and 0.1 percentage points higher than the previous quarter.

At the same time, the employment rate in the three months to March reached a joint-record high of 76.6 percent, which was 0.6 percentage points higher than a year earlier.

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