UK Jobless Rate Steady at 11-Year Low


The unemployment rate in the United Kingdom came in at 4.9 percent in the three months to June 2016, unchanged from the previous period and in line with market expectations. It remained at the lowest level since July to September 2005, as the number of unemployed reached the lowest since March to May 2008 while the number of people in work increased.

There were 1.64 million unemployed people (people not in work but seeking and available to work), 52,000 fewer than for January to March 2016, 207,000 fewer than for a year earlier and the lowest since March to May 2008. There were 890,000 unemployed men, 124,000 fewer than for a year earlier. There were 750,000 unemployed women, 84,000 fewer than for a year earlier. The unemployment rate was 4.9 percent, down from 5.6 percent for a year earlier. The last time it was lower was for July to September 2005.

There were 31.75 million people in work, 172,000 more than for January to March 2016 and 606,000 more than for a year earlier. There were 23.22 million people working full-time, 374,000 more than for a year earlier. There were 8.53 million people working part-time, 231,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.5 percent, the highest since comparable records began in 1971.

There were 8.84 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 58,000 fewer than for January to March 2016 and 179,000 fewer than for a year earlier. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.6 percent, the joint lowest since comparable records began in 1971.

Average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.4 percent including bonuses and by 2.3 percent excluding bonuses compared with a year earlier.

UK Jobless Rate Steady at 11-Year Low


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/17/2016 9:51:26 AM