United Kingdom Unemployment

United Kingdom

United Kingdom: Unemployment falls further in June, continues to be at an over-five-year low

August 13, 2014

In July, jobless claims fell 33,600 over the previous month, according to the Office for National Statistics (ONS). The print was smaller than the revised 39,500 drop recorded in June (previously reported: -36,300) and exceeded the 30,000 decrease in jobless claims the markets had expected.

The unemployment rate—derived from a different survey—fell to 6.4% in the three months up to June, which was down from the 6.5% tallied in the three months up to May. The figure was in line with market expectations and marked the lowest unemployment rate since December 2008.

FocusEconomics Consensus Forecast panelists expect unemployment to average 6.7% in 2014, which is down 0.1 percentage points from last month’s forecast. For 2015, the panel expects the unemployment rate to drop to 6.3%.


Author:,

Sample Report

Looking for forecasts related to Unemployment in United Kingdom? Download a sample report now.

Download

United Kingdom Unemployment Chart


United Kingdom Unemployment July 2014

Note: Three-month average of unemployment rate in %.
Source: Office for National Statistics (ONS).


United Kingdom Economic News

More news

Search form