UK Unemployment Rate Holds Steady at 4.9%


UK jobless rate remained unchanged at 4.9 percent for the fourth consecutive month in the three months to August 2016, in line with market expectations. It stood at its lowest level in eleven years, as the number of people in work and the number of unemployed people increased, while the number of economically inactive people fell.

There were 1.66 million unemployed people, 10,000 more than for March to May 2016 but 118,000 fewer than for a year earlier. There were 891,000 unemployed men, 12,000 fewer than for March to May 2016 and 81,000 fewer than for a year earlier. There were 765,000 unemployed women, 23,000 more than for March to May 2016 but 37,000 fewer than for a year earlier. The unemployment rate was 4.9 percent, unchanged compared with March to May 2016 but down from 5.4 percent for a year earlier.

There were 31.81 million people in work, 106,000 more than for March to May 2016 and 560,000 more than for a year earlier. There were 23.23 million people working full-time, 362,000 more than for a year earlier. There were 8.58 million people working part-time, 198,000 more than for a year earlier. The employment rate was recorded at 74.5 percent, the joint highest since comparable records began in 1971.

There were 8.81 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 65,000 fewer than for March to May 2016 and 231,000 fewer than for a year earlier. The inactivity rate was 21.5 percent, the joint lowest since comparable records began in 1971.

Average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.3 percent both including and excluding bonuses compared with a year earlier.

UK Unemployment Rate Holds Steady at 4.9%


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/19/2016 8:49:17 AM