The UK unemployment rate stood at 3.8 percent in the three months to May 2019, its lowest level since the October to December 1974 period and in line with market expectations. Unemployment dropped by 51,000 to 1.29 million and employment increased by 28,000 to a new all-time high of 32.75 million. Meanwhile, total pay growth picked up to 3.4 percent from the previous period's 3.2 percent. Unemployment Rate in the United Kingdom averaged 6.98 percent from 1971 until 2019, reaching an all time high of 12 percent in February of 1984 and a record low of 3.40 percent in November of 1973.

Unemployment Rate in the United Kingdom is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in the United Kingdom to stand at 3.90 in 12 months time. In the long-term, the United Kingdom Unemployment Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.

United Kingdom Unemployment Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-04-16 08:30 AM Unemployment Rate Feb 3.9% 3.9% 3.9% 3.9%
2019-05-14 08:30 AM Unemployment Rate Mar 3.8% 3.9% 3.9% 3.9%
2019-06-11 08:30 AM Unemployment Rate Apr 3.8% 3.8% 3.8% 3.8%
2019-07-16 08:30 AM Unemployment Rate May 3.8% 3.8% 3.8% 3.8%
2019-08-13 08:30 AM Unemployment Rate Jun 3.8% 3.8%
2019-09-10 08:30 AM Unemployment Rate Jul 3.8%
2019-10-15 08:30 AM Unemployment Rate Aug 3.7%



UK Jobless Rate Holds Steady at Over 44-Year Low

The UK unemployment rate stood at 3.8 percent in the three months to May 2019, its lowest level since the October to December 1974 period and in line with market expectations. Unemployment dropped by 51,000 to 1.29 million and employment increased by 28,000 to a new all-time high of 32.75 million. Meanwhile, total pay growth picked up to 3.4 percent from the previous period's 3.2 percent.

Estimated unemployment rates for both men and women aged 16 years and over have been generally falling since late 2013. For March to May 2019, the estimated unemployment rate: for everyone was 3.8 percent; it has not been lower since October to December 1974; for men was 4.0 percent, slightly lower than a year earlier (4.2 percent); for women was 3.6 percent, the lowest since comparable records began in 1971.

For March to May 2019, an estimated 1.29 million people were unemployed, 116,000 fewer than a year earlier and 820,000 fewer than five years earlier. Looking in more detail at this fall of 820,000 unemployed people over the last five years: people unemployed for up to six months fell by 246,000 to 766,000; people out of work for between 6 and 12 months fell by 160,000 to 187,000; the largest fall was for people unemployed for over one year (down 414,000 to 340,000).

Estimated employment rates for men and women aged from 16 to 64 years have been generally increasing since early 2012. For March to May 2019, the estimated employment rate: for everyone was 76.0 percent, higher than a year earlier (75.6 percent); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018; for men was 80.2 percent; slightly higher than a year earlier (80.1 percent); for women was 72.0 percent, the joint highest since comparable records began in 1971. The increase in the employment rate for women in recent years is partly because of changes to the State Pension age for women, resulting in fewer women retiring between the ages of 60 and 65 years.

Estimates for March to May 2019 show 32.75 million people aged 16 years and over in employment, 354,000 more than for a year earlier. This annual increase of 354,000 was mainly as a result of more people working full time (up 247,000 on the year to reach 24.09 million). Part-time working also showed an increase of 107,000 on the year to reach 8.66 million.

Since comparable records began in 1971, the economic inactivity rate for all people aged from 16 to 64 years has been generally falling (although it increased during recessions). This is because of a gradual fall in the economic inactivity rate for women. For people aged from 16 to 64 years, for March to May 2019, the estimated economic inactivity rate: for all people was 20.9 percent; for men was 16.4 percent; for women was 25.3 percent.

Estimates for March to May 2019 showed 8.62 million people aged from 16 to 64 years not in the labour force (economically inactive). This was 43,000 fewer than a year earlier, and 307,000 fewer than five years earlier.

UK workers' total earnings, including bonuses, advanced by an annual 3.4 percent to GBP 536 per week in the three months to May, following an upwardly revised 3.2 percent gain in the previous period and above market consensus of a 3.1 percent rise. Excluding bonuses, earnings were up 3.6 percent to GBP 503 per week, the strongest gain in wages since the three months to July 2008, after a 3.4 percent increase in the prior period and beating market forecasts of 3.5 percent. In real terms, earnings including bonuses went up 1.7 percent, and those excluding bonuses advanced 1.4 percent.


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/16/2019 9:26:43 AM



United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.80 12.00 3.40 percent [+]
Employed Persons 32749.00 32746.00 32749.00 23630.00 Thousand [+]
Unemployed Persons 1142.10 1104.10 3090.00 422.60 Thousand [+]
Part Time Employment 8661.00 8597.00 8661.00 5995.00 Thousand [+]
Full Time Employment 24088.00 24149.00 24149.00 19136.00 Thousand [+]
Employment Rate 76.00 76.10 76.10 65.60 percent [+]
Claimant Count Change 38.00 24.50 142.80 -98.50 Thousand [+]
Labor Force Participation Rate 79.10 79.20 79.30 74.10 percent [+]
Long Term Unemployment Rate 1.00 1.00 4.30 0.90 percent [+]
Youth Unemployment Rate 11.00 10.40 22.30 9.70 percent [+]
Labour Costs 105.50 105.60 105.60 20.70 Index Points [+]
Productivity 101.20 101.70 101.80 43.10 Index Points [+]
Job Vacancies 827.00 837.00 861.00 432.00 Thousand [+]
Wages 536.00 534.00 536.00 300.00 GBP/Week [+]
Wages in Manufacturing 615.00 614.00 615.00 356.00 GBP/Week [+]
Wage Growth 3.40 3.20 6.60 -2.60 percent [+]
Minimum Wages 8.21 7.83 8.21 5.05 GBP/Hour [+]
Population 66.19 65.81 66.19 52.20 Million [+]
Retirement Age Women 65.50 65.00 65.50 60.00 [+]
Retirement Age Men 65.50 65.00 65.50 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 32.10 32.20 33.50 31.30 Hours [+]
Employment Change 28.00 32.00 311.00 -279.00 Thousand [+]


United Kingdom Unemployment Rate

In the United Kingdom, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.80 12.00 3.40 1971 - 2019 percent Monthly




Country Last Previous
South Africa 27.60 Mar/19
Spain 14.70 Mar/19
Turkey 13.00 Apr/19
Brazil 12.30 May/19
Argentina 10.10 Mar/19
Italy 9.90 May/19
France 8.70 Mar/19
Euro Area 7.50 May/19
India 6.00 Dec/18
Saudi Arabia 5.70 Mar/19
Canada 5.50 Jun/19
Australia 5.20 Jun/19
Indonesia 5.01 Mar/19
Russia 4.40 Jun/19
South Korea 4.00 Jun/19
United Kingdom 3.80 May/19
United States 3.70 Jun/19
China 3.67 Mar/19
Mexico 3.50 May/19
Netherlands 3.40 Jun/19
Germany 3.10 May/19
Japan 2.40 May/19
Singapore 2.20 Mar/19
Switzerland 2.10 Jun/19


Related

Latest