• Thursday, April 25, 2024

Business

UK’s unemployment rate tumbles to lowest since 1975

By: Radhakrishna N S

Britain has recorded lowest unemployment rate and acute shortage of migrant workers from European Union (EU). Country’s unemployment rate was at its lowest at 4.2 per cent since 1975, according to the data released for the month of July by UK’s Recruitment and Employment Confederation (REC) on Wednesday (8). Most of the employers have reported shortage of migrant workers from EU countries after Britain voted for Brixit in 2016. The number of people hired for permanent jobs in Britain moved up at its slowest pace in nine months in July, the report said. The number of vacancies have jumped significantly at…

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