The unemployment rate in the UK stood at 4.1 percent in the three months to October 2018, remaining close to its lowest level since the 1970s and matching market expectations. The number of unemployed rose by 20,000 from the May to July period while employment increased by 79,000 and the number of job vacancies were near an all-time high. Average weekly earnings including bonuses rose 3.3 percent on the year, their biggest rise since the three months to July 2008; excluding bonuses, wages also grew 3.3 percent, the most since the end of 2008. Unemployment Rate in the United Kingdom averaged 7.02 percent from 1971 until 2018, reaching an all time high of 12 percent in February of 1984 and a record low of 3.40 percent in November of 1973.

Unemployment Rate in the United Kingdom is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in the United Kingdom to stand at 3.70 in 12 months time. In the long-term, the United Kingdom Unemployment Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.

United Kingdom Unemployment Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 08:30 AM Unemployment Rate 4% 4% 4% 4.1%
2018-10-16 08:30 AM Unemployment Rate 4% 4% 4% 4%
2018-11-13 09:30 AM Unemployment Rate 4.1% 4% 4% 4.1%
2018-12-11 09:30 AM Unemployment Rate 4.1% 4.1% 4.1% 4.1%
2019-01-22 09:30 AM Unemployment Rate 4.1%
2019-02-21 09:30 AM Unemployment Rate 4%
2019-03-21 09:30 AM Unemployment Rate



UK Jobless Rate Remains Close to 43-Year Low



The unemployment rate in the UK stood at 4.1 percent in the three months to October 2018, remaining close to its lowest level since the 1970s and matching market expectations. The number of unemployed rose by 20,000 from the May to July period while employment increased by 79,000 and the number of job vacancies were near an all-time high. Average weekly earnings including bonuses rose 3.3 percent on the year, their biggest rise since the three months to July 2008; excluding bonuses, wages also grew 3.3 percent, the most since the end of 2008.

There were an estimated 1.38 million unemployed people, 20,000 more than for May to July 2018 but 49,000 fewer than for a year earlier. The unemployment rate was estimated at 4.1 percent, virtually unchanged compared with May to July 2018 but lower than the estimate for a year earlier (4.3 percent).

There were an estimated 32.48 million people in work, 79,000 more than for May to July 2018 and 396,000 more than for a year earlier. The employment rate was estimated at 75.7 percent, higher than for a year earlier (75.1 percent) and the joint-highest estimate since comparable estimates began in 1971.

There were an estimated 8.66 million people aged from 16 to 64 years who were economically inactive, 95,000 fewer than for May to July 2018 and 195,000 fewer than for a year earlier. The economic inactivity rate was estimated at 21 percent, lower than for a year earlier (21.5 percent) and the joint-lowest estimate since comparable estimates began in 1971.

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms increased by 3.3 percent, both excluding and including bonuses, compared with a year earlier. Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 1 percent excluding bonuses, and by 1.1 percent including bonuses, compared with a year earlier.


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/11/2018 9:57:09 AM



United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.10 4.10 12.00 3.40 percent [+]
Employed Persons 32476.00 32409.00 32476.00 23630.00 Thousand [+]
Unemployed Persons 992.60 970.70 3090.00 422.60 Thousand [+]
Part Time Employment 8475.00 8499.00 8636.00 5995.00 Thousand [+]
Full Time Employment 23934.00 23895.00 23934.00 19136.00 Thousand [+]
Employment Rate 75.70 75.50 75.70 65.60 percent [+]
Claimant Count Change 21.90 23.20 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.00 78.80 79.00 74.10 percent [+]
Long Term Unemployment Rate 1.00 1.10 4.30 0.90 percent [+]
Youth Unemployment Rate 11.30 11.10 22.30 9.70 percent [+]
Productivity 101.20 101.60 101.70 43.10 Index Points [+]
Labour Costs 103.90 103.80 103.90 20.70 Index Points [+]
Job Vacancies 848.00 849.00 849.00 432.00 Thousand [+]
Wages 524.00 523.00 524.00 300.00 GBP/Week [+]
Wage Growth 3.30 3.10 6.60 -2.60 percent [+]
Wages in Manufacturing 605.00 602.00 605.00 356.00 GBP/Week [+]
Minimum Wages 7.83 7.50 7.83 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 52.20 Million [+]
Retirement Age Women 65.00 64.17 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 32.20 32.10 33.50 31.30 Hours [+]
Employment Change 79.00 23.00 307.00 -279.00 Thousand [+]


United Kingdom Unemployment Rate

In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.10 12.00 3.40 1971 - 2018 percent Monthly




Country Last Previous
South Africa 27.50 Sep/18
Spain 14.55 Sep/18
Brazil 11.70 Oct/18
Turkey 11.10 Aug/18
Italy 10.60 Oct/18
Argentina 9.60 Jun/18
France 9.10 Sep/18
Euro Area 8.10 Oct/18
Saudi Arabia 6.00 Jun/18
Canada 5.60 Nov/18
Indonesia 5.34 Sep/18
Australia 5.00 Oct/18
Russia 4.70 Oct/18
United Kingdom 4.10 Oct/18
South Korea 3.90 Oct/18
China 3.82 Sep/18
Netherlands 3.70 Oct/18
United States 3.70 Nov/18
India 3.52 Dec/17
Germany 3.30 Oct/18
Mexico 3.20 Oct/18
Switzerland 2.50 Nov/18
Japan 2.40 Oct/18
Singapore 2.10 Sep/18


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