United Kingdom Unemployment Rate

Country:
United Kingdom
GBP, Pound sterling
Sector:
Labor
Medium 4.1% 4.1%
4.1%
Last release Importance Actual Forecast
Previous
4.2%
4.1%
Next release Actual Forecast
Previous
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Unemployment Rate reflects the share of currently unemployed residents among the total civilian labor force, as percentage of the total number of working-age population. The unemployed are defined as persons aged 16 and older, who:

  • have been actively looking for work within the last four weeks and are able to start work within the next two weeks;
  • have found job and are ready to start working within the next two weeks.

The indicator is calculated based on the Labor Force Survey, which is regularly held by the appropriate agency. A statistical bulletin on the labor market is published every month. The detailed report form contains the overall unemployment rate in the UK, as well as separate statistics by sex, age and duration of the unemployment period.

The UK unemployment rate is among the most important indicators of the national economy health. State agencies use the data to manage macroeconomics and the labor market. Unemployment indicates the complexity of the social situation. Unemployment data are provided to a number of international organizations, including the European Central Bank.

The unemployment rate should not be mixed with the UK's claimant count indicator. Some unemployed people are not eligible for benefits or do not claim them, so authorities analyze the statistical survey data.

Unemployment growth indicates problems in the national economy and labor market. Therefore the value growth can affect GBP quotes negatively.

Last values:

actual data

forecast

The chart of the entire available history of the "United Kingdom Unemployment Rate" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2018
4.1%
4.1%
4.1%
Sep 2018
4.1%
4.0%
4.0%
Aug 2018
4.0%
3.9%
4.0%
Jul 2018
4.0%
3.9%
4.0%
Jun 2018
4.0%
4.2%
4.2%
May 2018
4.2%
4.2%
4.2%
Apr 2018
4.2%
4.1%
4.2%
Mar 2018
4.2%
4.1%
4.2%
Feb 2018
4.2%
4.1%
4.3%
Jan 2018
4.3%
4.4%
4.4%
Dec 2017
4.4%
4.3%
4.3%
Nov 2017
4.3%
4.3%
4.3%
Oct 2017
4.3%
4.3%
4.3%
Sep 2017
4.3%
4.3%
4.3%
Aug 2017
4.3%
4.2%
4.3%
Jul 2017
4.3%
4.3%
4.4%
Jun 2017
4.4%
4.5%
4.5%
May 2017
4.5%
4.6%
4.6%
Apr 2017
4.6%
4.6%
Mar 2017
4.6%
4.7%
Feb 2017
4.7%
4.7%
Jan 2017
4.7%
4.8%
Dec 2016
4.8%
4.8%
Nov 2016
4.8%
4.8%
Oct 2016
4.8%
4.8%
Sep 2016
4.8%
4.9%
Aug 2016
4.9%
4.9%
Jul 2016
4.9%
4.9%
Jun 2016
4.9%
4.9%
May 2016
4.9%
5.0%
Apr 2016
5.0%
5.1%
Mar 2016
5.1%
5.1%
Feb 2016
5.1%
5.1%
Jan 2016
5.1%
5.1%
Dec 2015
5.1%
5.1%
Nov 2015
5.1%
5.2%
Oct 2015
5.2%
5.3%
Sep 2015
5.3%
5.4%
Aug 2015
5.4%
5.5%
Jul 2015
5.5%
5.6%
Jun 2015
5.6%
5.6%
May 2015
5.6%
5.5%
Apr 2015
5.5%
5.5%
Mar 2015
5.5%
5.6%
Feb 2015
5.6%
5.7%
Jan 2015
5.7%
5.7%
Dec 2014
5.7%
5.8%
Nov 2014
5.8%
6.0%
Oct 2014
6.0%
6.0%
Sep 2014
6.0%
6.0%

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