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.

UK Unemployment Rate Down to 5-Year Low


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