United Kingdom Unemployment April 2016

United Kingdom

United Kingdom: Unemployment rate remains unchanged in April

April 18, 2016

In April, jobless claims dropped 2,300 over the previous month, according to the Office for National Statistics (ONS). The print contrasted the revised increase of 14,700 in jobless claims recorded in March (previously reported: 6,700 increase) and overshot the 4,300 increase in jobless claims the markets had expected.

The unemployment rate—derived from a different survey—was stable in March at the previous month’s 5.1% (the latest period for which data are available), thus remaining at a multi-year low. The figure met market expectations.

FocusEconomics Consensus Forecast panelists expect unemployment to average 5.5% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects the unemployment rate to inch down to 5.2%.

Author:, Senior Economist

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United Kingdom Unemployment Chart

United Kingdom Unemployment April 2016

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

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