UK Unemployment Rate Stable at 5.7%


British jobless rate remained steady at 5.7 percent in the three months to January of 2015, the lowest since mid-2008. The employment rate reached a record high but pay growth slowed.

There were 1.86 million unemployed people, 102,000 fewer than for August to October 2014 and 479,000 fewer than for a year earlier.

There were 30.94 million people in work, 143,000 more than for August to October 2014 and 617,000 more than for a year earlier. 22.64 million people were working full-time (481,000 more than for a year earlier and 8.30 million people worked part-time (137,000 more than for a year earlier).

The employment rate was 73.3 percent, the highest since comparable records began in 1971. Yet, there were 9.03 million people aged from 16 to 64 who were out of work and not seeking or available to work, 30,000 fewer than for August to October 2014 but 14,000 more than for a year earlier.

The inactivity rate was 22.2 percent, little changed compared with August to October 2014 and with a year earlier.

Comparing the three months ending January 2015 with a year earlier, pay for employees in Great Britain increased by 1.8 percent including bonuses and by 1.6 percent excluding bonuses.

UK Unemployment Rate Stable at 5.7%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
3/18/2015 11:27:48 AM