Welcome to the United Kingdom employment page. Since the labor market is a major contributor to the United Kindgom’s overall economic health (as with every other country), on this page I will be monitoring the United Kingdom’s employment and unemployment rates. The employment and unemployment rate data is released on a quarterly basis by the Office for National Statistics. That means I will be updating this page roughly once per quarter; hopefully as soon as new data is released.
September – November 2011
During the September through November 2011 quarter, the United Kingdom’s employment rate was 70.3%, which is down 0.1% over the quarter. Employment increased however, by 18,000 over the quarter. The unemployment rate was 8.4%, which is up 0.3% over the quarter. During the quarter, 118,000 additional people became unemployed.
According the the Office of National Statistics, the unemployment rate hasn’t been higher since 1995 and the number of unemployed persons has not been higher since 1994. That is bleak news that could result in more easing of monetary policy. Total pay increased by 1.9% over the year.