The seasonally adjusted unemployment rate edged down to 6.4% in July from June’s 6.5%. As for the Eurozone’s largest economies,...
Unemployment in United Kingdom
The United Kingdom's labor market over the last decade showed resilience. The unemployment rate reached historic lows by 2019. However, the COVID-19 pandemic caused disruptions, leading to a temporary spike in unemployment. Unemployment rates have since returned to around pre-pandemic levels, which has fed through to solid wage growth.
The unemployment rate in the United Kingdom averaged 4.9% in the decade to 2022, below the 6.3% average for major economies. The unemployment rate in 2022 was 3.7%. For more unemployment information, visit our dedicated page.
United Kingdom Unemployment Chart
Note: This chart displays Unemployment Rate for United Kingdom from 2014 to 2024.
Source: Macrobond.
United Kingdom Unemployment Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 4.6 | 4.6 | 3.8 | 4.1 | 4.3 |
| Unemployment (% of active population, eop) | 5.3 | 4.2 | 3.9 | 3.9 | 4.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British unemployment projections for the next ten years from a panel of 33 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable unemployment forecast available for British unemployment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British unemployment projections.
Want to get access to the full dataset of British unemployment forecasts? Send an email to info@focus-economics.com.
Latest Global Unemployment News
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Euro Area: Unemployment rate falls in July -
Greece: Unemployment rate rises in July July’s data sent negative signals regarding the health of the labor market. The seasonally adjusted unemployment rate rose to 9.9%... -
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New Zealand: Unemployment rate rises in Q2 The seasonally-adjusted unemployment rate rose to 4.6% in Q2 2024 from 4.4% in Q1 2024. Over the same time period,... -
United States: Job gains disappoint in July Total non-farm payrolls grew by 114,000 in July, down from June’s downwardly revised 179,000 and undershooting market expectations. Moreover, the... -
Euro Area: Unemployment rate increases in June The seasonally adjusted unemployment rate ticked up to 6.5% in June from May’s 6.4%. As for the Eurozone’s largest economies,... -
Greece: Unemployment rate falls in June June’s data sent positive signals regarding the health of the labor market. The seasonally adjusted unemployment rate fell to 9.6%...