UK Unemployment Rate Lowest Since 2008


British jobless rate decreased to 5.6 percent in the three months to February from 5.7 percent in the previous period. Employment increased at its fastest pace in nearly a year while pay growth rose well above inflation.

There were 31.05 million people in work, 248,000 more than for September to November 2014 and 557,000 more than for a year earlier.

The employment rate was 73.4 percent, the highest since comparable records began in 1971.

There were 1.84 million unemployed people, 76,000 fewer than for September to November 2014 and 416,000 fewer than for a year earlier.

There were 8.99 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive), 104,000 fewer than for September to November 2014 but 11,000 more than for a year earlier.

Comparing the 3 months ending February 2015 with a year earlier, pay for employees in Great Britain increased by 1.7 percent including bonuses and by 1.8 percent excluding bonuses.

UK Unemployment Rate Lowest Since 2008


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2015 10:49:59 AM