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There is some data available on UK unemployment rates from before 1971 but it is not consistent with the current international definitions as it is more closely related to the Claimant Count. UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024.
However, the statistical evidence counters any perception of economic stagnation in the latter 19th century: the employed labour force grew, unemployment in the years 1874–1890 only averaged 4.9%, and productivity continued to rise after the 1870s recession, albeit at a lower annual rate of 1%, compared to 2% in the years preceding the Panic ...
US savings and loan crisis, high bank rate in response to rising inflation caused by the Lawson Boom and to maintain British membership of the Exchange Rate Mechanism. Company earnings decline 25%. Peak budget deficit c. 8% of GDP. Unemployment rises from 6.9% of the working population in 1990 to 10.7% in 1993. [18]
The ONS said the rate of UK unemployment rose to 4.3% in the three months to September, up from 4% in the previous three months and far higher than the 4.1% pencilled in by most economists ...
The Office for National Statistics (ONS) said the rate of UK unemployment rose to 4.3% in the three months to March, which is the highest since May to July last year and up from 4.2% in the ...
Unemployment was the dominant issue of British society during the interwar years. [1] Unemployment levels rarely dipped below 1,000,000 and reached a peak of more than 3,000,000 in 1933, a figure which represented more than 20% of the working population. The unemployment rate was even higher in areas including South Wales and Liverpool. [1]
Inflation remains low for the sixth year running, standing at 4.2% for 1987. [50] Largest ever deficit to date on UK balance of payments. With overall unemployment falling below 3,000,000, youth unemployment is now below the 1,000,000 mark. [51] Overall economy growth for the year reaches 5.5% – the highest since 1963. [52]
The Office for National Statistics said the unemployment rate fell to a lower-than-expected 3.6% in the three months to July. UK unemployment rate slumps to 48-year low but more Britons quit jobs ...