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United Kingdom Unemployment Rate
United Kingdom's unemployment rate measures the percentage of the labour force actively seeking work but not currently employed. It is published monthly by the national statistics office.
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Why Unemployment Rate matters for GBP
The unemployment rate is a cornerstone of the Bank of England's dual or single mandate. A tightening labour market signals wage pressure and potential inflation, pulling rate expectations higher and supporting the gbp.
How to interpret this series
A lower-than-expected unemployment rate is typically gbp-positive because it implies a tight labour market and possible wage inflation, consistent with hawkish central bank policy. A rising unemployment rate increases rate-cut odds.
Historical Unemployment Rate
Source: ONS. Cadence: Monthly. Unit: %. History from 2010-01-31 (16.4 years).
Recent announcements
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Related United Kingdom indicators
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Common questions
Editorial context for readers and AI agents using this page as a cited country indicator source.
What is the natural rate of unemployment for United Kingdom?
NAIRU (Non-Accelerating Inflation Rate of Unemployment) varies over time. Rates well below NAIRU suggest the economy is running hot and inflation pressures may build.