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UK unemployment rate at 3.8%, lowest in 45 yrs despite Brexit, slow growth

However he sounded a note of caution about the impact of Brexit and the slowing global economy

AFP/PTI  |  London 

brexit, UK, Britain, EU
Illustration: Ajay Mohanty

British has held at a 45-year low, data showed Tuesday, despite headwinds from and the slowing global

The rate remained at 3.8 percent in the three months to April -- the lowest level since the final quarter of 1974, the (ONS) said in a statement.

UK rate"All in all, there's very little here to suggest any weakness" in the labour market, said at online trading firm XTB.

However he sounded a note of caution about the impact of and the slowing global

"The overall picture for the UK remains one that is far from thriving and looks to be simply treading water to be honest," Cheetham said.

"But given the dual headwinds of ongoing political uncertainty and a slowing global economy, the current level of activity could arguably be viewed as about as good as could be expected under these circumstances." data Monday showed UK contracted 0.4 per cent in April on a slump in caused largely by uncertainty.

First Published: Tue, June 11 2019. 15:50 IST