U.K. Jobs Growth Keeps Unemployment Rate at Lowest Since 1970s

• The U.K. labor market continued its impressive performance in the three months through February as employment jumped and wage growth far outpaced inflation.
• The number of people in work rose by 179,000 to a record high, keeping unemployment at 3.9 percent, the lowest rate since 1975, the Office for National Statistics said Tuesday.
• Basic wages rose 3.4 percent from a year earlier, close to an 11-year high.
• The figures help to explain the resilience of consumer spending, which has kept the economy growing as companies slash investment amid the continuing deadlock over Brexit. 

(Source: Bloomberg)