UK Unemployment Rate Falls to 11-Year Low


UK jobless rate declined to 4.8 percent in the three months to September 2016 from 4.9 percent in the April to June period and 5.3 percent a year earlier. The figure came in better than market expectations of 4.9 percent to hit the lowest level since July to September 2005, as the number of unemployed went down while the number of people in work increased.

There were 1.60 million unemployed people (people not in work but seeking and available to work), 37,000 fewer than for April to June 2016 and 146,000 fewer than for a year earlier. There were 876,000 unemployed men, 15,000 fewer than for April to June 2016 and 82,000 fewer than for a year earlier. There were 728,000 unemployed women, 22,000 fewer than for April to June 2016 and 64,000 fewer than for a year earlier. The unemployment rate was 4.8 percent, down from 5.3 percent for a year earlier and the lowest since July to September 2005. The unemployment rate is the proportion of the labour force (those in work plus those unemployed) that were unemployed.

There were 31.80 million people in work, 49,000 more than for April to June 2016 and 461,000 more than for a year earlier. There were 23.24 million people working full-time, 350,000 more than for a year earlier. There were 8.56 million people working part-time, 110,000 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 joint highest since comparable records began in 1971.

There were 8.89 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 49,000 more than for April to June 2016 but 103,000 fewer than for a year earlier. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.7 percent, down from 22 percent for a year earlier.

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

UK Unemployment Rate Falls to 11-Year Low


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/16/2016 9:47:26 AM