UK hits full employment for the first time as jobless rate plummets to 50-year low
- The unemployment rate hit its lowest in the UK since 1974 at 3.7 per cent
- Boris Johnson said the figure showed the government’s plan is working
- The number of workers on the payroll jumped by 121,000 to a record 29.5million
- Pay including bonuses climbed by 7 per cent in the first three months of the year
Full employment has been achieved for the first time in Britain as a surge in workers on payrolls sent the jobless rate to a 50-year low.
The unemployment rate was 3.7 per cent in the quarter to the end of March, its lowest since 1974, the Office for National Statistics revealed.
It meant that there are now fewer unemployed people than job vacancies for the…