UK Unemployment Rate Stable at 5.1%


British jobless rate came in at 5.1 percent in the three months to January of 2016, the same as in the previous two periods, staying at the lowest in nearly ten years. Pay growth including bonus went up 2.1 percent and excluding bonus it went up 2.2 percent, above expectations.

There were 1.68 million unemployed people, 28,000 fewer than for August to October 2015 and 171,000 fewer than for a year earlier. There were 923,000 unemployed men, 102,000 fewer than for a year earlier. There were 762,000 unemployed women, 69,000 fewer than for a year earlier.

There were 31.42 million people in work, 116,000 more than for August to October 2015 and 478,000 more than for a year earlier. 22.94 million people were working full-time, 302,000 more than for a year earlier. There were 8.48 million people working part-time, 177,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.1%, the joint highest since comparable records began in 1971. 

There were 8.89 million people aged from 16 to 64 who were economically inactive, 40,000 fewer than for August to October 2015 and 136,000 fewer than for a year earlier. The inactivity rate was 21.8%, lower than for a year earlier (22.2%) 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 2.1% including bonuses and by 2.2% excluding bonuses compared with a year earlier.

UK Unemployment Rate Stable at 5.1%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
3/16/2016 9:42:03 AM