Unemployment Rate Steady at 5.1% in UK

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Unemployment Rate 5.1%

Unemployment or British jobless rate came in at 5.1 percent in the three months to February of 2016, the same as in the previous three periods, staying at the lowest in nearly ten years. Figures came in line with market expectations although the number of people unemployed increased for the first time since mid-2015 and the employment gain was the weakest since June.

There were 1.70 million unemployed people, 21,000 more than for September to November 2015 but 142,000 fewer than for a year earlier.

There were 31.41 million people in work, 20,000 more than for September to November 2015 and 360,000 more than for a year earlier. 22.98 million people working full-time, 289,000 more than for a year earlier. There were 8.43 million people working part-time, 71,000 more than for a year earlier. The employment rate was 74.1 percent, the joint highest since comparable records began in 1971.
unemployment
There were 8.87 million people aged from 16 to 64 who were economically inactive (not working and not seeking or available to work), 121,000 fewer than for a year earlier and the lowest since May to July 2003. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.7 percent, the joint lowest since comparable records began in 1971.
Average weekly earnings for employees in Great Britain increased by 1.8 percent including bonuses and by 2.2 percent excluding bonuses compared with a year earlier.
The author of this story: www.tradingeconomics.com

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