United Kingdom Unemployment Rate

Unemployment Rate in the United Kingdom decreased to 6.50 percent in May of 2014 from 6.60 percent in April of 2014. Unemployment Rate in the United Kingdom averaged 7.26 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. Unemployment Rate in the United Kingdom is reported by the Office for National Statistics.

   
 
  LIST  
 EXPORT DATA  API

United Kingdom Unemployment Rate


Actual Previous Highest Lowest Dates Unit Frequency
6.50 6.60 12.00 3.40 1971 - 2014 Percent Monthly
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.


UK Unemployment Rate Drops Further


In the three months to May 2014, the UK’s jobless rate fell to 6.5 percent from 6.6 percent in the previous period, the lowest since late 2008. While employment continued to rise, pay growth increased less than expected.

Comparing the estimates for March to May 2014 with those for December 2013 to February 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement over the past two years.

There were 30.64 million people in work, 254,000 more than for December 2013 to February 2014 and 929,000 more than a year earlier. The proportion of people aged from 16 to 64 in work continued to rise, reaching 73.1 percent for March to May 2014. 

There were 2.12 million unemployed people, 121,000 fewer than for December 2013 to February 2014 and 383,000 fewer than a year earlier. There were 8.78 million economically inactive people aged from 16 to 64. This was 67,000 fewer than for December 2013 to February 2014 and 258,000 fewer than a year earlier.

The proportion of people aged from 16 to 64 who were out of work but not seeking or available to work continued to fall, reaching 21.7 percent for March to May 2014.

The economic inactivity rate last reached 21.7 percent in July to September 1990 and, since records began in 1971, it has never been lower.

Pay including bonuses for employees in Great Britain for March to May 2014 was 0.3 percent higher than a year earlier, with pay excluding bonuses 0.7 percent higher.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
7/16/2014 9:48:53 AM


Recent Releases

UK Unemployment Falls to 6.6%
In the three months to April 2014, the UK jobless rate decreased to 6.6 percent from 6.8 percent in the previous period. It is the lowest rate since early 2009 as employment surged. Published on 2014-06-11

UK Unemployment Continues to Fall
In the three months to March 2014, the UK jobless rate decreased to 6.8 percent from 6.9 percent in the previous period. Increases in employment were mainly due to more self-employed people and pay growth rose more than inflation for the first time since 2010. Published on 2014-05-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 6.8% 6.9% 6.8% 6.9%
2014-06-11 09:30 AM United Kingdom
Unemployment Rate
Apr 2014 6.6% 6.8% 6.7% 6.8%
2014-07-16 09:30 AM United Kingdom
Unemployment Rate
May 2014 6.5% 6.6% 6.5% 6.6%
2014-08-13 09:30 AM United Kingdom
Unemployment Rate
Jun 2014 6.5% 6.5%


Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.50 6.60 12.00 3.40 Percent [+]
Employed Persons 29533.00 29437.00 29533.00 23187.00 Thousand [+]
Claimant Count Change -36.30 -32.80 142.80 -98.50 Thousand [+]
Unemployed Persons 1044.30 1080.60 3090.00 422.60 Thousand [+]
Job Vacancies 648.00 644.00 694.00 430.00 Thousand [+]
Long Term Unemployment Rate 2.50 2.60 4.30 0.90 percent [+]
Youth Unemployment Rate 17.90 18.30 22.20 9.70 Percent [+]
Productivity 100.40 100.40 105.00 32.90 Index Points [+]
Wages 478.00 478.00 485.00 306.00 GBP [+]
Wages in Manufacturing 563.00 563.00 564.00 362.00 GBP [+]
Labour Costs 104.90 104.70 105.70 6.00 Index Points [+]
Population 63.90 63.50 63.90 52.37 Million [+]
Retirement Age Women 61.50 61.00 61.50 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Minimum Wages 1189.90 1264.30 1315.00 902.00 EUR [+]





Overview    |     Worldbank    |     Calendar    |     Countries    |     Indicators    |     News