UK Unemployment Rate Falls to 7-1/2-Year Low


British jobless rate decreased to 5.2 percent in the three months to October of 2015, lower than 5.3 percent in the previous period. The unemployment rate fell for the fourth straight period to its lowest since the three months to May of 2008. However, earnings grew at its slowest pace since March.

There were 1.71 million unemployed people, 110,000 fewer than for May to July 2015 and 244,000 fewer than for a year earlier: 939,000 unemployed men, 153,000 fewer than for a year earlier and 774,000 unemployed women, 91,000 fewer than for a year earlier.

There were 31.30 million people in work, 207,000 more than for May to July 2015 and 505,000 more than for a year earlier. 22.88 million were working full-time, 338,000 more than for a year earlier and 8.42 million were working part-time, 167,000 more than for a year earlier. The employment rate was 73.9 percent, the highest since comparable records began in 1971.

There were 8.93 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 63,000 fewer than for May to July 2015 and 126,000 fewer than for a year earlier. The inactivity rate was 21.9 percent, lower than for a year earlier (22.3 percent). The inactivity rate has not been lower since October to December 1990.

Comparing August to October 2015 with a year earlier, pay for employees in Great Britain increased by 2.4 percent including bonuses and by 2.0 percent excluding bonuses.

The number of people claiming for unemployment benefits increased by 3.9 thousand in November of 2015, following a downwardly revised 0.2 thousand rise in October.  

UK Unemployment Rate Falls to 7-1/2-Year Low


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
12/16/2015 10:16:52 AM