The so-called adjusted experimental unemployment rate in the United Kingdom rose to 4.2% in the three months leading up to August 2023, up from 4.0% in the March to May period, according to provisional data from the ONS. The UK statistical office had to postpone the release of the data for one week because of both a low response rate to its survey and the introduction of a new methodology. Meanwhile, the adjusted employment rate declined by 0.3 percentage points to 75.7%, and the economic inactivity rate was up by 0.1 percentage point to 20.9%. Data from last week showed that regular pay growth eased slightly to 7.8%, down from a record 7.9% in the previous period, while total pay growth slowed to 8.1% from 8.5%. The number of job vacancies hit a near two-year low of 988 thousand. source: Office for National Statistics
Unemployment Rate in the United Kingdom increased to 4.30 percent in July from 4.20 percent in June of 2023. Unemployment Rate in the United Kingdom averaged 6.72 percent from 1971 until 2023, 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 2023.
Unemployment Rate in the United Kingdom increased to 4.30 percent in July from 4.20 percent in June of 2023. Unemployment Rate in the United Kingdom is expected to be 4.40 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 4.80 percent in 2024 and 5.00 percent in 2025, according to our econometric models.