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Britain's unemployment drops to 5-year low of 6.9%

Published on Apr 16, 2014 8:53 PM
 
City workers head to work during the morning rush hour in Southwark in central London, on April 16, 2014. Britain's unemployment rate dropped to a five-year low point of 6.9 per cent in the quarter to February, as the country's economic recovery picks up speed before next year's general election. -- PHOTO: REUTERS

LONDON (AFP) - Britain's unemployment rate dropped to a five-year low point of 6.9 per cent in the quarter to February, as the country's economic recovery picks up speed before next year's general election.

The rate dropped from 7.2 per cent in the quarter to January, the Office for National Statistics (ONS) said in a statement, while the fall was bigger than expected with analysts forecasting a drop to 7.1 per cent.

"Latest estimates for December 2013 to February 2014 show that employment continued to increase, unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64," the ONS said.

"These changes continue the general direction of movement over the past two years," it added.

 
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