UK unemployment dips to lowest rate since 1975
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All time low
The unemployment rate fell to 4.6 per cent in the three months to the end of March from 4.7 per cent in the quarter ending in February, the Office for National Statistics said in a statement.
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It's scary
In the first three months of the year, 1.54 million people were recorded as unemployed, down 152,000 year-on-year, the ONS added.
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Here's the number
The number in employment meanwhile surged by 122,000 to a record high of almost 32 million people, the ONS added.
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Expert's view
"An astonishing rise in UK employment isn't enough to mask the fall in real wages," said ING bank economist James Smith.
"This already appears to be dampening consumption, and is why we don't expect a UK rate hike before 2019."
"This already appears to be dampening consumption, and is why we don't expect a UK rate hike before 2019."