UK Unemployment Rate Steady at 5.1%


British jobless rate came in at 5.1 percent in the three months to December of 2015, the same as in the previous period, staying at the lowest in nearly ten years. Pay growth including bonus eased to 1.9 percent while excluding bonus it went up 2 percent, above expectations.

There were 1.69 million unemployed people, 60,000 fewer than for July to September 2015 and 172,000 fewer than for a year earlier. There were 924,000 unemployed men, 116,000 fewer than for a year earlier and there were 766,000 unemployed women, 57,000 fewer than for a year earlier.

There were 31.42 million people in work, 205,000 more than for July to September 2015 and 521,000 more than for a year earlier. 22.98 million were working full-time, 387,000 more than for a year earlier. There were 8.43 million people working part-time, 134,000 more than for a year earlier.

The employment rate was 74.1%, the highest since comparable records began in 1971.

There were 8.88 million people aged from 16 to 64 who were economically inactive, 88,000 fewer than for July to September 2015 and 172,000 fewer than for a year earlier. The inactivity rate was 21.8%, lower than for a year earlier (22.3%) and only slightly higher than the record low of 21.7% last recorded for July to September 1990.

Average weekly earnings for employees in Great Britain increased by 1.9% including bonuses and by 2.0% excluding bonuses compared with a year earlier.

The number of people claiming for unemployment benefits (claimant count)  fell by 14.8 thousand to 760.20 Thousand in January of 2016, following an upwardly revised 15.2 thousand drop in December of 2015. It is the lowest level since 1975.


UK Unemployment Rate Steady at 5.1%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
2/17/2016 10:02:08 AM