UK Unemployment Rate Unchanged at 4.9%


UK jobless rate held steady at 4.9 percent in the three months to July of 2016, the same as in the previous period and in line with market expectations. The number of unemployed declined, employment increased and the employment rate remained at the highest since the series began although wage growth slowed.

There were 1.63 million unemployed people, 39,000 fewer than for February to April 2016; 190,000 fewer than for a year earlier and the lowest since March to May 2008.

There were 901,000 unemployed men, 88,000 fewer than for a year earlier. There were 731,000 unemployed women, 102,000 fewer than for a year earlier. 31.77 million people were working: 174,000 more than for February to April 2016 and 559,000 more than for a year earlier. 23.25 million were working full-time, 434,000 more than for a year earlier. There were 8.51 million people working part-time, 126,000 more than for a year earlier.

The employment rate was 74.5 percent, the joint highest since comparable records began in 1971.

There were 8.83 million people aged from 16 to 64 who were economically inactive, 92,000 fewer than for February to April 2016 and 195,000 fewer than for a year earlier. The inactivity rate was 21.5 percent, the lowest since comparable records began in 1971.

Average weekly earnings for employees in Great Britain in nominal terms increased by 2.3 percent including bonuses and by 2.1 percent excluding bonuses compared with a year earlier. 

UK Unemployment Rate Unchanged at 4.9%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
9/14/2016 9:21:04 AM