The unemployment rate in the UK increased to 4.8 percent in the three months to September of 2020, higher than 4.5 percent in the previous period and 3.9 percent a year earlier. It is the highest jobless rate since the last quarter of 2016, amid the coronavirus-hit. Figures were in line with forecasts. July to September 2020 also showed a record number of redundancies (up by 181,000 to 314,000), while the employment rate continued to fall to 75.3 percent. The total number of weekly hours worked was 925 million, down 127.6 million hours on the previous year but up a record 83.1 million hours compared with the previous quarter. source: Office for National Statistics
Unemployment Rate in the United Kingdom averaged 6.87 percent from 1971 until 2020, 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 November of 2020.
Unemployment Rate in the United Kingdom is expected to be 7.50 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 7.90 in 12 months time. In the long-term, the United Kingdom Unemployment Rate is projected to trend around 7.40 percent in 2021 and 5.50 percent in 2022, according to our econometric models.