UK Unemployment Rate at 7-Year Low


British jobless rate decreased to 5.4 percent in the three months to August of 2015, down from 5.5 percent in the previous period and the lowest since March to May of 2008. The employment rate reached the highest on record while pay growth came slightly below expectations.

There were 1.77 million unemployed people, 79,000 fewer than for March to May 2015 and 198,000 fewer than for a year earlier. There were 970,000 unemployed men, 125,000 fewer than for a year earlier. There were 803,000 unemployed women, 73,000 fewer than for a year earlier.

There were 31.12 million people in work, 140,000 more than for March to May 2015 and 359,000 more than for a year earlier. 22.77 million people were working full-time, 291,000 more than for a year earlier. There were 8.35 million people working part-time, 68,000 more than for a year earlier. The employment rate was 73.6 percent, the highest since comparable records began in 1971.

There were 9.01 million people aged from 16 to 64 who were economically inactive, little changed compared with March to May 2015 but down slightly (13,000) compared with a year earlier. The inactivity rate was 22.1%, little changed compared with March to May 2015 and with a year earlier.

Comparing June to August 2015 with a year earlier, pay for employees in Great Britain increased by 3.0 percent including bonuses and by 2.8 percent excluding bonuses.

The number of people claiming for unemployment benefits increased by 4.6 thousand in September of 2015, following a 1.2 thousand rise in August and the first time since mid-2012it went up for two consecutive months. 

UK Unemployment Rate at 7-Year Low


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2015 9:45:06 AM