UK Unemployment Rate Steady at 5.5%


The jobless rate in the UK remained unchanged at 5.5 percent in the three months to April 2015, in line with market expectations. Employment continued to rise and wages posted the highest gain since the global financial crisis.

There were 1.81 million unemployed people. This was 43,000 fewer than for the 3 months to January 2015 and 349,000 fewer than for a year earlier.

There were 31.05 million people in work, 114,000 more than for the 3 months to January 2015 and 424,000 more than for a year earlier. 22.74 million people were working full-time, 362,000 more than for a year earlier while 8.31 million were working part-time, 63,000 more than for a year earlier.

Wages including bonuses rose 2.7 percent, following an upwardly revised 2.3 percent increase in the previous period, the biggest gain since August of 2011. Excluding bonuses, wages also rose 2.7 percent, the strongest pace since February of 2009.

The number of people claiming unemployment benefits (claimant count) declined by a seasonally adjusted 6,500 in May, much lower than market forecasts.

There were 9.02 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive), 10,000 fewer than for the 3 months to January 2015 but 60,000 more than for a year earlier.

UK Unemployment Rate Steady at 5.5%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
6/17/2015 9:55:29 AM