UK Unemployment Rate Unchanged at 7.8% in May


UK unemployment rate for March to May 2013 was 7.8 percent, unchanged from the previous period. There were 2.51 million unemployed people, down 57,000 from December 2012 to February 2013. Youth unemployment rose to 20.9 percent.

Compared with a year earlier there were 72,000 fewer unemployed people. The number of people who had been unemployed for up to one year fell by 104,000, compared with a year earlier, to reach 1.59 million for March to May 2013. The number of people who had been unemployed for over one year increased by 32,000 to reach 915,000, the highest figure since 1996.

Between December 2012 to February 2013 and March to May 2013, the number of people not in the labour force (known as economically inactive) increased by 87,000 to reach 9.04 million. However compared with a year earlier there were 144,000 fewer people who were not in the labour force. 

For March to May 2013 there were 29.71 million people in employment, a small increase of 16,000 compared with December 2012 to February 2013 and up 336,000 compared with a year earlier. The employment rate was 71.4 percent in May 2013.

There were 529,000 job vacancies for April to June 2013, up 56,000 compared with a year earlier and the highest since September to November 2008.

UK Unemployment Rate Unchanged at 7.8% in May


ONS | Nuno Fontes | nuno@tradingeconomics.com
7/17/2013 9:43:31 AM