United Kingdom Unemployment

United Kingdom

United Kingdom: Unemployment inches down in March

May 13, 2015

In April, jobless claims fell 12,600 over the previous month, according to the Office for National Statistics (ONS). The print represented a smaller drop than the revised 16,700 decrease recorded in March (previously reported: -20,700) and was less than the 20,000 decrease in jobless claims the markets had expected.

The unemployment rate—derived from a different survey—inched down from 5.6% in February to 5.5% in March (the latest period for which data are available), the lowest level since July 2008. The figure met market expectations.

FocusEconomics Consensus Forecast panelists expect unemployment to average 5.6% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects the unemployment rate to inch down to 5.5%.

Author:, Senior Economist

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