UK jobless rate hits lowest in more than 5 years

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Some more good news for the U.K. economy as unemployment fell to its lowest level in over five years, and wage growth rose by more than inflation.

The rate of unemployment in the three months to March slid to 6.8 percent, the Office for National Statistics (ONS) on Wednesday. This marked its lowest level since the three months to February 2009.

Read More Great Recession over as UK nears pre-crisis peak

Pay including bonuses was 1.7 percent higher than a year earlier in the three months to March, the ONS said, meaning it rose more than inflation. In March, consumer prices rose 1.6 percent year-on-year.

Read More UK economy grows for fifth straight quarter

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