Britain's unemployment rate drops to 3.7 pct, lowest since 1974


LONDON, May 17 (Xinhua) -- Britain's unemployment rate fell to 3.7 percent in the first quarter of 2022, the lowest level since 1974, according to figures released by the Office for National Statistics (ONS) on Tuesday.

For the first time since ONS' records began, there are fewer unemployed people than job vacancies in the country. And both the employment and inactivity rates increased in the first quarter, said the ONS.

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