Wednesday 18 May 2022 12:07 AM UK hits full employment for the first time as jobless rate plummets to 50-year ... trends now
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Full employment has been achieved for the first time in Britain as a surge in workers on payrolls sent the jobless rate to a 50-year low.
The unemployment rate was 3.7 per cent in the quarter to the end of March, its lowest since 1974, the Office for National Statistics revealed.
It meant that there are now fewer unemployed people than job vacancies for the first time since records began, a situation defined in economic terms as full employment.
The unemployment rate was 3.7 per cent in the quarter to the end of March, its lowest since 1974, the Office for National Statistics revealed. Boris Johnson said it showed the government's plan was 'working'
The number of workers on the payroll jumped by 121,000 to a record 29.5million between March and April.
Between February and April, job vacancies also hit a record high of almost 1.3million.
Prime Minister Boris Johnson said the low level of unemployment showed the Government’s
