The UK unemployment rate declined to 4.3% in the three months to September 2021, the lowest since the three months to July 2020 and below market expectations of 4.4%. Still, the rate remained 0.3%age points higher than before the pandemic. The number of unemployed people was down by 152,000 to 1.45 million, while employment rose by 247,000 to 32.52 million, above expectations of a 185,000 gain. The quarterly decrease in unemployment was driven by those unemployed for up to 12 months, with those unemployed for up to 6 months decreasing to slightly below pre-pandemic levels and those unemployed for between 6 and 12 months continuing to decrease from the peak reached in early 2021. Meanwhile, long-term unemployment continues to increase. The report also showed the number of employees on company books rose by 160,000 to a record 29.3 million in October, the first month after the end of the government's job-protecting furlough scheme, while job vacancies hit a new record of 1.172 million. source: Office for National Statistics
Unemployment Rate in the United Kingdom averaged 6.83 percent from 1971 until 2021, 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 December of 2021.
Unemployment Rate in the United Kingdom is expected to be 4.20 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 2022 and 3.90 percent in 2023, according to our econometric models.