Unemployment in the UK Economy
per cent of the labour force
Unemployed people aged 16-59 (women) / 64 (men), seasonally adjusted
9
9
8
8
7
7
6
6
Labour Force Survey
5
5
4
4
Claimant Count
3
3
2
2
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
Source: Labour Force Statistics
UK Unemployment and Consumer Price Inflation
Percent
Annual percentage change in consumer prices, unemployment rate (%)
10
10
9
9
8
8
7
7
6
6
5
5
4
4
Unemployment
3
2
3
Inflation
2
1
1
0
0
-1
-1
-2
-2
89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13
Source: Reuters EcoWin
Regional Unemployment Rates in the UK
A selection of regional unemployment rates, per cent of the labour force, LFS measure
12
11
11
10
10
9
9
8
8
7
7
6
6
5
5
4
4
3
3
GBP
12
Jan May Sep Jan May Sep Jan May Sep
07
08
09
London
Northern Ireland
North East
Scotland
Jan May Sep Jan May Sep
10
11
South East
Yorks and Humber
Jan May Sep
12
Jan May
13
Source: UK Labour Market Statistics
UK Unemployment, By Duration
1.6
1.6
1.4
1.4
1.2
1.2
Unemployed for up to six months
1.0
1.0
0.8
0.8
0.6
0.6
millions
Persons (millions)
Millions, seasonally adjusted, using Labour Force Survey data
Unemployed for over 12 months
0.4
0.4
0.2
0.2
Unemployed for over 24 months
0.0
0.0
03
04
05
06
07
08
09
10
11
12
13
Source: Reuters EcoWin
Annual Change in Weekly Regular Pay and CPI Inflation
6.0
6.0
Percent
Percent
Annual growth of regular weekly pay, consumer price inflation (%)
Consumer Price Inflation (%)
5.0
5.0
4.0
4.0
3.0
3.0
2.0
2.0
1.0
Regular Weekly Pay (% annual change)
1.0
0.0
0.0
Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan May Sep Jan May
07
08
09
10
11
12
13
Average Weekly Pay, 3 month average, seasonally adjusted
Consumer Price Index (All Items)
Source: Office of National Statistics
Unemployment Expectations
Net balance
Net % balance of people expecting higher unemployment in the next year
80
80
70
70
60
60
50
50
40
40
30
30
20
20
10
10
0
0
00
01
02
03
04
05
06
07
08
09
10
11
12
13
Source: Reuters EcoWin
Unfilled Vacancies in the UK Labour Market
Number of
Three month average, seasonally adjusted
700000
700000
650000
650000
600000
600000
550000
550000
500000
500000
450000
450000
400000
400000
05
06
07
08
09
10
11
12
13
Source: Reuters EcoWin
Long Term Unemployment for people Aged 18-24
Thousands, people out of work for at least a year
275000
275000
250000
250000
225000
225000
200000
200000
175000
175000
150000
150000
125000
125000
100000
100000
75000
75000
50000
50000
25000
25000
93
94
95
96
97
98
99
00
01
02
03
04
05
06
07
08
09
10
11
12
13
Source: Reuters EcoWin
Unemployment Rates for some OECD Countries
Percent of the labour force
Unemployment rate - per cent of the labour force (annual)
30
30
25
25
20
20
15
15
10
10
5
5
0
0
00
01
02
Greece
Ireland
Italy
03
04
05
06
07
Spain
Germany
United Kingdom
08
09
10
11
12
13
14
South Korea
United States
Source: OECD World Economic Outlook
Real GDP Growth and UK Unemployment
10.0
8.0
10.0
8.0
Unemployment (% of the labour force) RHS
6.0
6.0
4.0
4.0
2.0
2.0
0.0
0.0
-2.0
Real GDP (Annual % Change) LHS
-2.0
-4.0
-4.0
-6.0
-6.0
-8.0
-8.0
02
03
04
05
Per cent of the labour force
Percentage growth of GDP
Annual % change in UK GDP at constant prices,% of labour force unemployed
06
07
08
09
10
11
12
Source: UK Statistics Commission