UK Jobless Rate Steady at 4.2%, Lowest in Over 42 Years


The unemployment rate in the UK stood 4.2 percent in the three months to April of 2018, the same as in the previous two periods and the the joint lowest since 1975. Figures came in line with market expectations. The number of people in work rose by 146,000, way above forecasts of a 110,000 increase.

There were 1.42 million unemployed people, 38,000 fewer than for November 2017 to January 2018 and 115,000 fewer than for a year earlier. The unemployment rate was 4.2%, down from 4.6% for a year earlier and the joint lowest since 1975.

There were 32.39 million people in work, 146,000 more than for November 2017 to January 2018 and 440,000 more than for a year earlier. The employment rate was 75.6%, higher than for a year earlier (74.8%) and the joint highest since comparable records began in 1971. 

There were 8.65 million people aged from 16 to 64 years who were economically inactive, 72,000 fewer than for November 2017 to January 2018 and 200,000 fewer than for a year earlier. The inactivity rate was 21.0%, lower than for a year earlier (21.5%) and the joint lowest since comparable records began in 1971.

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.8% excluding bonuses, and by 2.5% including bonuses, compared with a year earlier. Average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.4% excluding bonuses, and by 0.1% including bonuses, compared with a year earlier.

UK Jobless Rate Steady at 4.2%, Lowest in Over 42 Years


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
6/12/2018 8:44:57 AM