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UK unemployment falls to lowest since 1974 -Breaking

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© Reuters. FILEPHOTO: A branch of Jobcentre Plus is seen by people in Hackney. The agency provides support for employment and other benefits. REUTERS/John Sibley

LONDON (Reuters – Britain’s unemployment rates fell below 3.7% during the first three months this year according to official statistics. The figures were released on Tuesday. It was lower than economists expected at 3.8%.

In the three months ending March, average earnings were 4.2% more than a previous year. These figures are higher than the 4.1% forecasted in a Reuters poll regarding wage growth.

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