UK Unemployment Rate Falls to 7.1%


UK's jobless rate fell sharply to 7.1 percent in September to November of 2013, beating market expectations. The unemployment rate is down 0.3 percentage points from September to November of 2013 and down 0.6 from a year earlier.

For September to November 2013, compared with June to August 2013, the number of people in employment increased by 280,000 to reach 30.15 million. The number of unemployed people fell by 167,000 to reach 2.32 million. The number of economically inactive people aged from 16 to 64 fell by 22,000 to reach 8.93 million.

Comparing September to November 2013 with a year earlier, there were 450,000 more people in employment. There were 172,000 fewer unemployed people. There were 75,000 fewer economically inactive people aged from 16 to 64. 

Between November and December 2013 the number of people claiming Jobseeker’s Allowance fell by 24,000 to reach 1.25 million, the lowest figure since January 2009. Between December 2012 and December 2013 the number of JSA claimants fell by 307,000, the largest annual fall since March 1998. 

Average weekly earnings, both including and excluding bonus payments, rose by 0.9% comparing September to November 2013 with the same period a year earlier. For November 2013 employees in Great Britain earned, on average, £475 a week including bonuses and £447 a week excluding bonuses before tax and other deductions from pay. 

UK Unemployment Rate Falls to 7.1%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
1/22/2014 9:44:07 AM