Labour market | ONS data shows unemployment drop to 4.8%

The latest data from the Office for National Statistics (ONS) has indicated that there may be signs of recovery following the global pandemic, with UK job vacancies hitting their highest level since the start of the crisis.

ONS shared that from January to March 2021 estimates show a quarterly decrease in the unemployment rate. It stated that employment was 75.2%, unemployment was 4.8% and economic activity was 21.0%.