The UK unemployment rate fell to 4.6 percent in the three months to July 2021, the lowest level since the June-August 2020 period and in line with market expectations, adding to signs of labor market recovery. Still, the rate remained 0.6 percentage points higher than before the pandemic. The number of unemployed people was down by 86,000 on quarter to 1.55 million, while employment levels rose by 183,000 to 32.36 million, more than market consensus of a 178,000 increase. The report also showed the number of employees on company books rose by 241,000 to 29.1 million in August 2021, returning to February 2020 levels. The number of job vacancies rose above 1 million for the first time, with the largest increase seen in accommodation and food service activities. source: Office for National Statistics
Unemployment Rate in the United Kingdom averaged 6.84 percent from 1971 until 2021, reaching an all time high of 11.90 percent in April of 1984 and a record low of 3.40 percent in December of 1973. This page provides the latest reported value for - United Kingdom Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Unemployment Rate in the United Kingdom is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Unemployment Rate is projected to trend around 4.30 percent in 2022 and 4.00 percent in 2023, according to our econometric models.