Labour market | UK unemployment rate falls to 4.9%

The UK unemployment rate has begun to fall as the jobs market has started to show signs of improvement.

New figures from the Office for National Statistics (ONS) have revealed that the unemployment rate fell to 4.9% in the three months to February, down slightly from five per cent in the three months to January.

These signs of improvement came before the easing of lockdown restrictions earlier this month, where outdoor hospitality and the retail industry opened once again. It also marks the first quarterly decrease since the last quarter of 2019.

Headline indicators for the UK labour market for December 2020 to February 2021 show

▪️ employment was 75.1%
▪️ unemployment was 4.9%
▪️ economic inactivity was 20.9%

https://t.co/EcIoCZwfhD pic.twitter.com/FlaCR46RNA

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