UK Unemployment Rate Rises to 5.6%


The jobless rate in the UK increased to 5.6 percent in the three months to May 2015 from 5.5 percent in the previous period. It is the first increase since 2013 as employment fell and unemployment went up while wages grew below expectations.

There were 1.85 million unemployed people. This was 15,000 more than for the 3 months to February 2015, the first quarterly increase since January to March 2013. Comparing March to May 2015 with a year earlier, there were 273,000 fewer unemployed people.

There were 30.98 million people in work. This was 67,000 fewer than for the 3 months to February 2015, the first quarterly fall since February to April 2013. Comparing March to May 2015 with a year earlier, there were 265,000 more people in work (272,000 more people working full-time and 7,000 fewer people working part-time).

Wages including bonuses rose 3.2 percent, following a 2.7 percent increase in the previous period, the biggest gain since April of 2010. Excluding bonuses, wages rose 2.8 percent.

The number of people claiming unemployment benefits (claimant count) increased by a seasonally adjusted 7,000 in June, the first increase since October of 2012.

There were 9.02 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive), 30,000 more than for the 3 months to February 2015 and 104,000 more than for a year earlier.


UK Unemployment Rate Rises to 5.6%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
7/15/2015 9:56:06 AM