UK Unemployment Rate Down to 4-1/2-Year Low


UK's jobless rate fell to 7.4 percent in August to October of 2013, the lowest rate since March of 2009. The unemployment rate is down 0.3 percentage points from May to July of 2013 and down 0.5 from a year earlier.

The percentage of people aged from 16 to 64 who were in work (the employment rate) was 72.0%. The employment rate is up 0.4 percentage points from May to July 2013 and up 0.8 from a year earlier. There were 30.09 million people in employment aged 16 and over, up 250,000 from May to July 2013 and up 485,000 from a year earlier.

There were 2.39 million unemployed people aged 16 and over, down 99,000 from May to July 2013 and down 121,000 from a year earlier. The percentage of people aged from 16 to 64 who were economically inactive (the economic inactivity rate) was 22.1% (the lowest since 1991). The inactivity rate is down 0.1 percentage points from May to July 2013 and down 0.4 percentage points from a year earlier. There were 8.92 million economically inactive people aged from 16 to 64, down 45,000 from May to July 2013 and down 156,000 from a year earlier.

Total pay rose by 0.9% compared with August to October 2012. Regular pay rose by 0.8% over the same period.

UK Unemployment Rate Down to 4-1/2-Year Low


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
12/18/2013 11:24:42 AM