UK Unemployment Rate Steady at 7.2%


In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.

Comparing November 2013 to January 2014 with August to October 2013, the number of people in employment increased by 105,000 (to 30.19 million), the number of unemployed people fell by 63,000 (to 2.33 million) and the number of people not in the labour force aged from 16 to 64 fell by 19,000 (to 8.90 million). 

The increase in employment was due to more self-employed people; the number of employees fell over this period. Employment rate was 72.3 percent for November 2013 to January 2014, up from 72.0 percent for August to October 2013 and from 71.5 percent the previous year.

There were 2.33 million unemployed people, down 63,000 from August to October 2013 and down 191,000 from a year earlier. 

The Claimant Count for February 2014 was 1.17 million, down 34,600 from January 2014 and down 363,200 from a year earlier. Pay including bonuses for November 2013 to January 2014 was 1.4 percent higher than a year earlier, with pay excluding bonuses 1.3 percent higher.

UK Unemployment Rate Steady at 7.2%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
3/19/2014 9:59:12 AM