Unemployment 2024 Uk. The unemployment rate in the united kingdom was 3.7 percent in january 2023, one of the lowest rates of unemployment recorded since 1974. The level of uk unemployment has unexpectedly increased to its highest rate since september 2021, according to june 2024โs labour market figures from the office for.
When constructing our potential output forecast, we estimate the equilibrium level of unemployment using an assessment of past trends in the unemployment rate in the uk, as well as recent labour market developments. Estimates of employment, unemployment, inactivity, average weekly earnings, vacancies and other labour market related statistics for the uk.
