Economic Buzz: UK ILO Jobless Rate At Record Low

UK ILO jobless rate came in at 4.2 percent in three months to February, which was below the 4.3 percent logged in three months to January, data from the Office for National Statistics showed Tuesday. This was the lowest rate since comparable data began in 1971. At the same time, the employment rate was 75.4 percent, the highest since 1971. The number of unemployed decreased by 136,000 annually to 1.42 million and employment increased by 427,000 to 32.26 million.