The UK Unemployment Rate rose to 3.8% in February vs. 3.7% expected, the Office for National Statistics reported.
According to the bureau, the employment rate increased by 0.2% to 75.8% in the next three months, and the estimated number of vacancies decreased by 47 thousand jobs in the first quarter of the year for the ninth consecutive period.
Average weekly earnings increased by 6.6%, while the number of salaried employees rose to about 31,000 in February from the previous month’s reading.
“Wages continue to grow more slowly than prices, so earnings are still falling in value, even though the gap between public and private earnings growth is still narrowing,” said Darren Morgan, ONS statistician.
This article was originally published by RT.