Employment Centre UK
Unemployment Rate (UK)
Unemployment Rate Declining in Steps in Britain
Starts Sunday, November 18, 2018 at 12:09
Updated Tuesday, November 13, 2018
The unemployment rate in Britain has been declining since the beginning of the year when it was at 4.3%. It increased briefly in February's report to 4.4%, but that's the number from December last year. It declined to 4.2% in March and then fell to 4.0% in June. In the last three months unemployment has remained steady at 4.0%. The earnings are expected to increase to 3.0% in this week's report, which might mean higher employment and lower unemployment, but let's see if we will get a surprise decline. Our experienced analysts will cover this event as well as other calendar events and the effects they might have on the currency in real-time.
<% indicator.indicator_name %>
<% indicator.indicator_value %>
<% ssp.ssp_posted_at |date:"HH:mm" %>
About Unemployment Rate (UK)
The U.K. Unemployment Rate is calculated and released by the Office for National Statistics. It is a statistic that measures the ongoing levels of unemployed individuals in the domestic workforce. Unemployment rates are derived by dividing the number of unemployed workers by the entire non-military labor pool. It is intended to measure the percentage of people willing to work and actively seeking jobs.As a general rule, high unemployment rates are found in recessionary economic cycles while low rates are common in periods of growth. Monetary policy decisions take into account the Unemployment Rate as a leading metric of economic performance. Low unemployment leads to inflation and a tightening of monetary policy, while higher rates are seen as a precursor to prolonged deflation.Traders look upon the release of U.K. Unemployment as an important metric facing the U.K. economy. Abnormal levels are viewed as being likely catalysts for policy change, with U.K. indices and GBP being highly sensitive to its release.