The unemployment rate in Britain remains at a 40-year low, according to the latest figures from the Office for National Statistics. Today’s figures also show the employment rate has remained at a record 75.6%, with 197,000 more people in work compared to October to December 2017. Still, the unemployment rate is expected to remain close to its lowest level since the mid-1970s and wage growth is likely to remain modest. Inflation is projected to near the Bank of England's 2 percent target until the end of the year and house price growth is seen average between 2-4 percent. In the first quarter of 2019 the unemployment rate in the United Kingdom fell even further, to 3.8 percent, before increasing slightly in the second quarter to 3.9 percent.