UK Unemployment Rate Falls to 5.5%, Wages Up


The jobless rate in the UK decreased to 5.5 percent in the three months to July of 2015 from 5.6 percent in the previous period. Wages rose at fastest pace in more than six years and well above the inflation rate, signaling further strength of the labor market.

Comparing May to July 2015 with a year earlier, both total pay (including bonuses) and regular pay (excluding bonuses) for employees increased by 2.9 percent, the biggest gain since early 2009.

There were 1.82 million unemployed people, 10,000 more than for February to April 2015 but 198,000 fewer than for a year earlier

There were 31.09 million people in work, 42,000 more than for February to April 2015 and 413,000 more than for a year earlier. 22.74 million people were working full-time, 361,000 more than for a year earlier while 8.36 million people were working part-time, 52,000 more than for a year earlier.

The employment rate was 73.5 percent, little changed compared with February to April 2015 but higher than for a year earlier (72.8 percent).

There were 8.99 million people aged from 16 to 64 who were economically inactive, 24,000 fewer than for February to April 2015 and 65,000 fewer than for a year earlier.

In August, the number of people claiming for unemployment benefits increased by 1.2 thousand, following an upwardly revised 6.8 thousand drop in July. 

UK Unemployment Rate Falls to 5.5%, Wages Up


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
9/16/2015 9:52:40 AM