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


British jobless rate decreased to 5.7 percent in the three months to December of 2014 from 5.8 percent in the previous period, the lowest since mid-2008. Pay growth rose above inflation for the third straight month.

There were 1.86 million unemployed people. This was 97,000 fewer than for July to September2014 and 486,000 fewer than for a year earlier.

There were 30.90 million people in work. This was 103,000 more than for July to September 2014 and 608,000 more than for a year earlier.

The employment rate was 73.2 percent, higher than for July to September 2014 (73.0 percent) and for a year earlier (72.0 percent). The employment rate last reached 73.2 percent in December 2004 to February 2005 and, since comparable records began in 1971, it has never been higher.

There were 9.05 million people aged from 16 to 64 who were out of work and not seeking or available to work. This was 22,000 more than for July to September 2014 and 6,000 more than for a year earlier.

The inactivity rate was 22.3 percent, virtually unchanged compared with July to September 2014 and with a year earlier.

Comparing October to December 2014 with a year earlier, pay for employees in Great Britain increased by 2.1 percent including bonuses and by 1.7 percent excluding bonuses.

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


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
2/18/2015 9:45:46 AM