UK Unemployment Rate At 11-Year Low Of 4.8%


UK jobless rate declined to 4.8 percent in the three months to October 2016 from 4.9 percent in the May to July period and 5.2 percent a year earlier. The figure came in line with market expectations and hit the lowest level since July to September 2005, as the number of unemployed went down while the number of people in work was little changed.

There were 1.62 million unemployed people (people not in work but seeking and available to work), 16,000 fewer than for May to July 2016 and 103,000 fewer than for a year earlier. There were 888,000 unemployed men, 13,000 fewer than for May to July 2016 and 53,000 fewer than for a year earlier. There were 728,000 unemployed women, little changed compared with May to July 2016 but 49,000 fewer than for a year earlier. The unemployment rate was 4.8 percent, down from 5.2 percent for a year earlier and the lowest since July to September 2005. The unemployment rate is the proportion of the labour force (those in work plus those unemployed) that were unemployed.

There were 31.76 million people in work, little changed compared with May to July 2016 but 342,000 more than for a year earlier. There were 23.2 million people working full-time, 235,000 more than for a year earlier. There were 8.56 million people working part-time, 107,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.4 percent, slightly down from the joint record high of 74.5 percent recorded for May to July 2016 but higher than for a year earlier (73.9 percent).

There were 8.91 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 76,000 more than for May to July 2016 but 56,000 fewer than for a year earlier. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.7 percent, down from 21.9 percent for a year earlier.

Average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.5 percent including bonuses and by 2.6 percent excluding bonuses compared with a year earlier.

ONS | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/14/2016 10:34:53 AM