British Unemployment Drops to Lowest Level Since 1975

13 September 2002

Despite problems in the manufacturing and technology sectors, unemployment in the UK has fallen to a 27-year low.

According to the International Labour Organisation, the number of claimants dropped 6,400 last month to 943,300, fewer than at any time since October 1975. Employment, meanwhile, surged 38,000 in the three months to July, hitting a record 28.5 million.

Britain’s unemployment rate stands at 5.2%, better than the US, the eurozone nations and Japan.

Data sourced from: The Times (London); additional content by WARC staff