The United Kingdom’s unemployment rate rose to 4.3% from January to March 2024, slightly up from 4.2% in the three months to December 2023, aligning with market expectations. It was the highest reading since May to July 2023, as the number of unemployed individuals rose by 46,000 to a total of 1.49 million, driven by those unemployed for up to 6 months, which remained above levels from a year ago. Also, those unemployed for over 6 and up to 12 months and those over 12 months had increased in the latest period. Meanwhile, the number of employed individuals went up by 17,000 to 33.0 million, primarily due to a rise in full-time employees. On the other hand, the number of part-time employees decreased during the quarter. Finally, the economic inactivity rate fell by 0.1 percentage point to 22.1%. source: Office for National Statistics
Unemployment Rate in the United Kingdom increased to 4.30 percent in March from 4.20 percent in February of 2024. Unemployment Rate in the United Kingdom averaged 6.71 percent from 1971 until 2024, 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 May of 2024.
Unemployment Rate in the United Kingdom increased to 4.30 percent in March from 4.20 percent in February of 2024. Unemployment Rate in the United Kingdom is expected to be 4.50 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 5.20 percent in 2025 and 5.10 percent in 2026, according to our econometric models.