Unemployment rate drops to 3.8 per cent in the three months to April
Tuesday, June 13, 2023
UK unemployment has fallen unexpectedly, as the figure for the working age population has hit a new high and official figures have shown unemployment rising above pre-Pandemic levels for the first time.
Meanwhile, the jobless rate in the UK dropped to 3.8 per cent in the three months to April from 3.9 per cent in the three months before, according to the ONS.
Most economists expected the unemployment rate to grow to 4 per cent this month.
Employment hit an all-time high of 33.1 million, a rise of 250.000 on the previous quarter as more Britons returned to the workforce.
Darren Morgan, director of economic statistics for the ONS, said: "With another rise in employment, the number of people in work overall has gone past its pre-pandemic level for the first time, setting a new record high, as have total hours worked.