Unemployment in the United Kingdom rises to 3.8 percent in February

Unemployment in the United Kingdom rose 0.1 percentage point to 3.8 percent in February.

In the statement from the British National Statistics Office (ONS), it was indicated that unemployment, which was 3.7 percent in January, rose to 3.8 percent in February, and that the total number of unemployed in the country is currently at the level of 1 million 292 thousand.

In the statement, it was indicated that the deficit of qualified workers in the country’s labor market decreased by 47,000 to 1,105,000 as of March of this year.

The statement indicated that a total of 348,000 work days were lost in February as a result of strikes due to disagreements between employers and workers, and it was indicated that nearly three-fifths of the days lost due to strikes in February were in the education sector

ECONOMIC PRIORITY REDUCE INFLATION

British Chancellor of the Exchequer Jeremy Hunt said: “Unemployment remains at a record low, while income growth remains below the rise in inflation. Therefore, cutting inflation in half is our top economic priority.

Inflation in the UK rose to 10.4 percent in February, nearing the highest level in 40 years. In February, food prices also registered the highest increase in the last 45 years with 18.2 percent. (AA)