The jobless rate in the UK edged higher to 3.8% in the three months to April 2022 from 3.7% in the three months to March and compared to forecasts of 3.6%. It is the first increase in the jobless rate since the last three months of 2020, with the number of unemployed for up to six months rising the most since late 2020 but full-time employment reached an all-time high. Payrolled employees were up by 90,000 to a record 29.6 million in May and job vacancies in March to May 2022 rose to a new record of 1,300,000. However, the rate of growth in vacancies continued to slow down. source: Office for National Statistics
Unemployment Rate in the United Kingdom averaged 6.79 percent from 1971 until 2022, reaching an all time high of 11.90 percent in April of 1984 and a record low of 3.40 percent in December of 1973. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Unemployment Rate in the United Kingdom is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Unemployment Rate is projected to trend around 4.00 percent in 2023 and 4.80 percent in 2024, according to our econometric models.