United Kingdom Unemployment May 2016

United Kingdom

United Kingdom: Unemployment rate remains unchanged in April

June 15, 2016

In May, jobless claims decreased slightly by 400 over the previous month, according to the Office for National Statistics (ONS). The print contrasted the revised increase of 6,400 in jobless claims recorded in April (previously reported: 2,300 increase) and marginally overshot the stabilization in jobless claims the markets had expected.

The unemployment rate—derived from a different survey—inched down to 5.0% in April (the latest period for which data are available), which was slightly below the 5.1% recorded in March. The unemployment rate has hit another multi-year low. Market analysts had expected the unemployment rate to remain stable at 5.1%.

FocusEconomics Consensus Forecast panelists expect unemployment to average 5.1% in 2016, which is up 0.1 percentage points from last month’s forecast. For 2017, the panel expects the unemployment rate to inch down to 5.0%.

Author:, Economist

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United Kingdom Unemployment Chart

United Kingdom Unemployment May 2016

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

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