United Kingdom Unemployment Rate  1971-2017 | Data | Chart | Calendar

UK unemployment rate fell to 4.6 percent in the three months to March 2017 from 4.7 percent in the previous period and below market expectations of 4.7 percent. It was the lowest jobless rate since July of 1975. The employment rate rose to a fresh all-time high of 74.8 percent, as the number of people in work went up by 122 thousand. Meanwhile, excluding the bonuses, pay adjusted for price inflation decreased by 0.2 percent from the previous year, the first decline since the third quarter of 2014. Unemployment Rate in the United Kingdom averaged 7.11 percent from 1971 until 2017, reaching an all time high of 12 percent in February of 1984 and a record low of 3.40 percent in November of 1973.

United Kingdom Unemployment Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-15 09:30 AM Jan 4.7% 4.8% 4.8% 4.8%
2017-04-12 08:30 AM Feb 4.7% 4.7% 4.7% 4.7%
2017-05-17 08:30 AM Mar 4.6% 4.7% 4.7% 4.7%
2017-06-14 08:30 AM Apr 4.6% 4.7%
2017-07-12 08:30 AM May 4.7%
2017-08-16 08:30 AM Jun 4.7%




UK Jobless Rate Hits 42-Year Low


UK unemployment rate fell to 4.6 percent in the three months to March 2017 from 4.7 percent in the previous period and below market expectations of 4.7 percent. It was the lowest jobless rate since July of 1975. The employment rate rose to a fresh all-time high of 74.8 percent, as the number of people in work went up by 122 thousand. Meanwhile, excluding the bonuses, pay adjusted for price inflation decreased by 0.2 percent from the previous year, the first decline since the third quarter of 2014.

Estimates from the Labour Force Survey show that, between October to December 2016 and January to March 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell.

There were 1.54 million unemployed people (people not in work but seeking and available to work), 53,000 fewer than for October to December 2016 and 152,000 fewer than for a year earlier. The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.6%, down from 5.1% for a year earlier and the lowest since 1975. 

There were 31.95 million people in work, 122,000 more than for October to December 2016 and 381,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.8%, the highest since comparable records began in 1971. 

There were 8.83 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 40,000 fewer than for October to December 2016 and 82,000 fewer than for a year earlier. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.5%, down from 21.8% for a year earlier and the joint lowest since comparable records began in 1971.

Average weekly earnings for employees in nominal terms increased by 2.4 percent including bonuses, and by 2.1 percent excluding bonuses, compared with a year earlier. In real terms (that is, adjusted for price inflation), average weekly earnings increased by 0.1 percent including bonuses, and fell by 0.2 percent excluding bonuses, compared with a year earlier.



ONS | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/17/2017 8:55:04 AM



United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.60 4.70 12.00 3.40 percent [+]
Employed Persons 30747.00 30661.00 30747.00 23187.00 Thousand [+]
Unemployed Persons 792.80 773.40 3090.00 422.60 Thousand [+]
Part Time Employment 8457.00 8444.00 8583.00 5995.00 Thousand [+]
Full Time Employment 23490.00 23397.00 23490.00 19136.00 Thousand [+]
Employment Rate 74.80 74.60 74.80 65.60 percent [+]
Claimant Count Change 19.40 33.50 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 78.50 78.40 78.50 74.10 percent [+]
Long Term Unemployment Rate 1.20 1.30 4.30 0.90 percent [+]
Youth Unemployment Rate 11.90 11.90 22.30 9.70 percent [+]
Productivity 102.30 101.90 102.30 44.60 Index Points [+]
Labour Costs 102.60 103.00 103.00 20.70 Index Points [+]
Job Vacancies 777.00 767.00 777.00 432.00 Thousand [+]
Wages 512.00 509.00 512.00 306.00 GBP/Week [+]
Wages in Manufacturing 591.00 592.00 592.00 362.00 GBP/Week [+]
Wage Growth 2.40 2.30 6.60 -2.90 percent [+]
Minimum Wages 7.50 7.20 7.50 5.05 GBP/Hour [+]
Population 65.38 64.88 65.38 52.20 Million [+]
Retirement Age Women 63.50 63.00 63.50 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Wages Low Skilled 1190.00 1220.00 1260.00 1160.00 GBP/Month [+]
Wages High Skilled 2140.00 2190.00 2190.00 2040.00 GBP/Month [+]
Living Wage Family 1152.50 1141.20 1360.00 1006.10 GBP/Month [+]
Living Wage Individual 1043.60 1019.80 1043.60 878.80 GBP/Month [+]
Average Weekly Hours 32.20 32.40 33.50 31.30 Hours [+]
Employment Change 0.10 0.20 0.80 -0.90 percent [+]


United Kingdom Unemployment Rate Notes

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 the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4.60 4.70 12.00 3.40 1971 - 2017 percent Monthly



unemployment rate by Country

Last
Spain 18.75 Mar/17
Brazil 13.70 Mar/17
Turkey 12.60 Feb/17
Italy 11.70 Mar/17
France 9.60 Mar/17
Euro Area 9.50 Mar/17
Canada 6.50 Apr/17
Australia 5.70 Apr/17
Indonesia 5.33 Mar/17
Russia 5.30 Apr/17
Netherlands 5.10 Apr/17
India 4.90 Dec/13
United Kingdom 4.60 Mar/17
United States 4.40 Apr/17
South Korea 4.00 Apr/17
China 3.97 Mar/17
Germany 3.90 Mar/17
Switzerland 3.30 Apr/17
Mexico 3.19 Mar/17
Japan 2.80 Mar/17