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- UK unemployment rate unexpectedly rose from June to August
UK unemployment rate unexpectedly rose from June to August
According to the report from Office for National Statistics, the UK employment rate was estimated at 75.9%, higher than a year earlier (75.6%) but 0.2 percentage points lower than the previous quarter.
the estimated employment rate for men was 80.2%; this is largely unchanged on the year and on the quarter
the estimated employment rate for women was 71.6%; this is 0.6 percentage points up on the year, but 0.3 percentage points down on the quarter
The UK unemployment rate was estimated at 3.9%, this is lower than a year earlier (4.0%) but 0.1 percentage points higher than the previous quarter. Unemployment was expected to remain at 3.9%.
The UK economic inactivity rate was estimated at 21.0%, this is lower than a year earlier (21.2%) but 0.1 percentage points higher on the previous quarter.
Estimated annual growth in average weekly earnings for employees in Great Britain was 3.8% for both total pay (including bonuses) and regular pay (excluding bonuses). Economists had expected a 3.7% increase.
In real terms (after adjusting for inflation), annual growth in total pay was estimated to be 1.9% and annual growth in regular pay was estimated to be 2.0%.
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