UK unemployment rate dropped to 3.8% in March, down from 3.9% and beat expectations. That’s a 44-year low since 1974. Overall employment rate was 76.1%, joint highest on record since 1971.
However, wage growth slowed with average weekly earnings including bonus rose 3.2% 3moy, down from 3.5% 3moy and missed expectation of 3.4% 3moy. Weekly earnings excluding bonus also slowed to 3.3% 3moy, down from 3.4% 3moy, matched expectations.
