UK Unemployment Rate at 6-1/2-Year Low


British jobless rate decreased to 5.8 percent in the three months to November, the lowest since July of 2008. Weekly wages rose above the inflation rate for the second straight month.

From September to November, there were 1.91 million unemployed people. This was 58,000 fewer than for June to August 2014, the smallest quarterly fall since July to September 2013. Comparing September to November 2014 with a year earlier, there were 418,000 fewer unemployed people.

There were 30.80 million people in work. This was 37,000 more than for June to August 2014, the smallest quarterly increase since March to May 2013. Comparing September to November 2014 with a year earlier, there were 512,000 more people in work. The employment rate was 73.0 percent, unchanged from June to August 2014 but higher than for a year earlier (72.0 percent).

There were 9.09 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive). This was 66,000 more than for June to August 2014 and 41,000 more than for a year earlier.

The proportion of people aged from 16 to 64 who were economically inactive (the inactivity rate) was 22.4 percent, slightly higher than for June to August 2014 (22.2 percent) and for a year earlier (22.3 percent).

Comparing September to November 2014 with a year earlier, pay for employees in Great Britain increased by 1.7 percent including bonuses and by 1.8 percent excluding bonuses.

UK Unemployment Rate at 6-1/2-Year Low


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
1/21/2015 9:45:16 AM