UK Unemployment Lowest In 42 Years

UK unemployment rate has fallen to 4.6%, its lowest in 42 years.

The ONS reports that the number of people unemployed fell by 53,000 to 1.54 million in the three months to March.

Average weekly earnings excluding bonuses increased by 2.1%.

There were 31.95 million people in work, 122,000 more than for October to December 2016 and 381,000 more than for a year earlier.

The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.8%, the highest since comparable records began in 1971.

So much for Project Fear!