Euro Area: Unemployment rate falls in July
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 from 2013 to 2022 showed resilience. The unemployment rate steadily declined early in the decade, reaching historic lows by 2019. However, Brexit uncertainties and the COVID-19 pandemic caused disruptions, leading to a temporary spike in unemployment. By 2022, the job market had largely recovered, with unemployment rates back below pre-pandemic levels, although challenges such as labor shortages in specific sectors persisted.
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 2023.
Source: Macrobond.
United Kingdom Unemployment Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Unemployment (% of active population, aop) | 3.9 | 4.7 | 4.6 | 3.9 | 4.0 |
| Unemployment (% of active population, eop) | 3.9 | 5.3 | 4.2 | 3.9 | 3.8 |
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 35 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.
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