UK Unemployment Rate at 10-Year Low


British unemployment rate decreased to 5 percent in the three months to April of 2016 from 5.1 percent in the previous five periods. It is the lowest figure since October of 2005 as the number of unemployed fell to a 7-year low, the employment rate remained a record high 74.2 percent and pay growth picked up.

There were 1.67 million unemployed people, 20,000 fewer than for the 3 months to January 2016, 148,000 fewer than for a year earlier and the lowest since March to May 2008. There were 892,000 unemployed men, 113,000 fewer than for a year earlier. There were 779,000 unemployed women, 35,000 fewer than for a year earlier. 

31.59 million people were working, 55,000 more than for the 3 months to January 2016 and 461,000 more than for a year earlier. There were 23.10 million people working full-time, 304,000 more than for a year earlier. 8.50 million people were working part-time, 157,000 more than for a year earlier. The employment rate was 74.2 percent, the joint highest since comparable records began in 1971. 

There were 8.92 million people aged from 16 to 64 who were economically inactive, 9,000 fewer than for the 3 months to January 2016 and 124,000 fewer than for a year earlier. The inactivity rate was 21.8 percent, unchanged compared with the 3 months to January 2016 but lower than for a year earlier (22.2 percent). 

Average weekly earnings for employees in Great Britain in nominal terms increased by 2.0 percent including bonuses and by 2.3 percent excluding bonuses compared with a year earlier.

UK Unemployment Rate at 10-Year Low


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
6/15/2016 9:51:00 AM