Employment In The UK - September 2023 - Unemployment Rate 4.3%

12th September 2023

May to July 2023 estimates show a decrease in the employment rate compared with the previous quarter (February to April 2023) while the unemployment and economic inactivity rates increased.

The UK employment rate was estimated at 75.5%, 0.5 percentage points lower than the previous quarter and 1.1 percentage points lower than before the pandemic (December 2019 to February 2020).

The UK unemployment rate was estimated at 4.3%, 0.5 percentage points higher than the previous quarter and 0.3 percentage points higher than before the coronavirus (COVID-19) pandemic.

The UK economic inactivity rate was estimated at 21.1%, 0.1 percentage points higher than the previous quarter and 0.9 percentage points higher than before the coronavirus pandemic.

Total hours worked decreased compared with the previous quarter and are below pre-coronavirus-pandemic levels again.

Read the full report HERE