United Kingdom Unemployment Rate Down to 7.8% in March


The unemployment rate was 7.8 percent of the economically active population, up 0.1 percentage points from October to December 2012 but down 0.4 from a year earlier. There were 2.52 million unemployed people, up 15,000 from October to December 2012 but down 92,000 from a year earlier.

The employment rate for those aged from 16 to 64 was 71.4 percent, down 0.2 percentage points from October to December 2012 but up 0.8 percentage points from a year earlier. There were 29.71 million people in employment aged 16 and over, down 43,000 from October to December 2012 but up 434,000 from a year earlier.
 
The inactivity rate for those aged from 16 to 64 was 22.4 percent, up 0.1 percentage points from October to December 2012 but down 0.6 from a year earlier. There were 9.00 million economically inactive people aged from 16 to 64, up 47,000 from October to December 2012 but down 212,000 from a year earlier.
 
Total pay rose by 0.4 percent compared with January to March 2012; the growth rate has not been lower since March to May 2009. Regular pay rose by 0.8 percent over the same period, the lowest growth rate since comparable records began in 2001.

ONS | Nuno Fontes | nuno@tradingeconomics.com
5/15/2013 9:32:56 AM