UK: The Lowest Rate Of Unemployment

The UK's unemployment rate fell to its lowest level in the last 48 years.

The major reason behind unemployment is, the rise in the number of people who dislikes the job, and they never get attracted to a job.

The Office for National Statistics (ONS) said the unemployment rate fell to 3.6 percent in the three months to July. It is the lowest rate since 1974

Most economists had been expecting the unemployment rate to hold steady at 3.8%

The national figures also showed that the so-called economic inactivity rate rose to 21.7 percent.

According to the ONS'a report, The continued gap between the public and private sectors was because of the salary growth.

The number of job vacancies fell by the most in two years and the employment rate also slipped to 75.4% from the previous three months.