Economic Buzz: UK Unemployment Rate Steady At Lowest Level Since 1975

UK ILO jobless rate remained at 4.2 percent in the three months ended April, but down from 4.6 percent a year ago, the Office for National Statistics reported Tuesday. This was the joint lowest since 1975. There were 1.42 million unemployed people, 38,000 fewer than for November 2017 to January 2018 and 115,000 fewer than for a year earlier. At the same time, the employment rate was 75.6 percent, higher than for a year earlier and the joint highest since comparable records began in 1971.