Economic Buzz: UK ILO Jobless Rate At Lowest Level Since 1975

UK ILO jobless rate remained at 4.2 percent in the first quarter, but down from 4.6 percent a year ago, the Office for National Statistics showed Tuesday. Unemployment rate remained unchanged at the lowest level since 1975. There were 1.42 million unemployed in the first quarter, which was 46,000 fewer than for October to December period. At the same time, the employment rate was 75.6 percent, the highest since comparable records began in 1971.