United Kingdom Unemployment Rate

Unemployment Rate in the United Kingdom decreased to 6.9 percent in the three months to February of 2014 from 7.20 percent in the previous period. Unemployment Rate in the United Kingdom is reported by the Office for National Statistics. Unemployment Rate in the United Kingdom averaged 7.27 Percent from 1971 until 2014, reaching an all time high of 12 Percent in February of 1984 and a record low of 3.40 Percent in November of 1973. In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - United Kingdom Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.90 7.20 12.00 3.40 7.30 | 2014/02 1971 - 2014 Percent Monthly

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United Kingdom Unemployment Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-22 09:30 AM United Kingdom
Unemployment Rate
Nov 2013 7.1% 7.4% 7.3% 7.4%
2014-02-19 09:30 AM United Kingdom
Unemployment Rate
Dec 2013 7.2% 7.1% 7.1% 7.3%
2014-03-19 09:30 AM United Kingdom
Unemployment Rate
Jan 2014 7.2% 7.2% 7.2% 7.2%
2014-04-16 09:30 AM United Kingdom
Unemployment Rate
Feb 2014 6.9% 7.2% 7.1% 7.3%
2014-05-14 09:30 AM United Kingdom
Unemployment Rate
Mar 2014 6.9% 7.1%
2014-06-11 09:30 AM United Kingdom
Unemployment Rate
Apr 2014 7%
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Labour Last Previous Highest Lowest Forecast Unit
Population 63.26 2012-12-31 62.52 63.26 52.37 64.05 2013-12-31 Million [+]
Unemployment Rate 6.90 2014-02-28 7.20 12.00 3.40 7.30 2014-02-28 Percent [+]
Long Term Unemployment Rate 2.70 2013-09-30 2.80 4.30 0.90 2.77 2013-12-31 percent [+]
Claimant Count Change -30.40 2014-03-15 -37.00 142.80 -98.50 -42.30 2014-03-31 Thousand [+]
Employed Persons 29151.00 2013-12-31 29084.00 29151.00 23187.00 29211.51 2014-01-31 Thousand [+]
Job Vacancies 588.00 2014-01-15 579.00 694.00 430.00 595.30 2014-02-28 Thousand [+]
Labour Costs 104.80 2013-11-15 105.00 105.70 6.00 105.43 2014-03-31 Index Points [+]
Productivity 100.50 2013-11-15 100.30 105.00 32.90 100.78 2014-03-31 Index Points [+]
Unemployed Persons 1174.80 2014-02-15 1209.40 3090.00 422.60 1143.12 2014-03-31 Thousand [+]
Wages 479.00 2014-01-15 479.00 485.00 306.00 479.45 2014-02-28 GBP [+]
Wages in Manufacturing 564.00 2014-01-15 561.00 564.00 362.00 564.60 2014-02-28 GBP [+]
Youth Unemployment Rate 19.70 2013-12-15 19.80 22.20 9.70 20.05 2014-01-31 Percent [+]
Retirement Age Men 65.00 2013-01-01 65.00 65.00 65.00 65.00 2013-12-31 [+]
Retirement Age Women 61.50 2013-01-01 61.00 61.50 60.00 61.54 2013-12-31 [+]
Minimum Wages 1189.90 2013-12-31 1264.30 1315.00 902.00 1205.29 2014-01-31 EUR [+]
[+]


UK Unemployment Rate Down to 5-Year Low

In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.

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. 

At 2.24 million for December 2013 to February 2014, unemployment was 77,000 lower than for September to November 2013 and 320,000 lower than a year earlier. 

Employment reached 30.39 million, 239,000 higher than for September to November 2013 and 691,000 higher than a year earlier.

72.6 percent of people aged 16 to 64 were in work for December 2013 to February 2014, up from 72.1 percent for September to November 2013 and from 71.4 percent for a year earlier.

Pay including bonuses for employees for December 2013 to February 2014 was 1.7 percent higher than a year earlier, with pay excluding bonuses 1.4 percent higher.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
4/16/2014 9:44:04 AM

RECENT RELEASES

UK Unemployment Rate Steady at 7.2%
In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up. Published on 2014-03-19

UK Unemployment Rate Rises Unexpectedly
In the three months to December of 2013, UK’s jobless rate surprisingly rose to 7.2 percent, after falling to 7.1 percent from September to November. In the same period, unemployment fell by 125K to 2.34 million and both youth and long-term unemployment rate declined. Published on 2014-02-19


Unemployment Rate | Notes
The unemployment rate can be defined as the number of people actively looking for a job divided by the labour force. Changes in unemployment depend mostly on inflows made up of non-employed people starting to look for jobs, of employed people who lose their jobs and look for new ones and of people who stop looking for employment.


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