UK Unemployment Rate Down to 5.3%


British jobless rate decreased to 5.3 percent in the three months to September of 2015, down from 5.4 percent in the previous period and below market expectations. It is the lowest level since the three months to April of 2008 as the employment rate hit a fresh record high, the inactivity rate hit the lowest since 1991 while pay growth came in below expectations.

There were 1.75 million unemployed people, 103,000 fewer than for April to June 2015 and 210,000 fewer than for a year earlier. There were 957,000 unemployed men, 130,000 fewer than for a year earlier. There were 793,000 unemployed women, 80,000 fewer than for a year earlier.

There were 31.21 million people in work, 177,000 more than for April to June 2015 and 419,000 more than for a year earlier. 22.80 million people were working full-time, 273,000 more than for a year earlier while 8.42 million were working part-time, 146,000 more than for a year earlier. The employment rate was 73.7 percent, the highest since comparable records began in 1971.

There were 8.97 million people aged from 16 to 64 who were economically inactive, 22,000 fewer than for April to June 2015 and 62,000 fewer than for a year earlier. The inactivity rate was 22.0 percent, little changed compared with April to June 2015 but slightly lower than for a year earlier (22.2 percent). The inactivity rate has not been lower since the 3 months to January 1991. 

Comparing July to September 2015 with a year earlier, pay for employees in Great Britain increased by 3.0 percent including bonuses and by 2.5 percent excluding bonuses.

The number of people claiming for unemployment benefits increased by 3.3 thousand in October of 2015, following a downwardly revised 0.5 thousand rise in September.  

UK Unemployment Rate Down to 5.3%


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
11/11/2015 9:55:09 AM