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These figures gave an official UK unemployment rate of 4.7%. [8] UK unemployment rates consistent with this definition are available from 1971. Considering this consistent time series, the highest unemployment rate recorded since 1971 was 11.9% in 1984 and the lowest was 3.4% in late 1973/early 1974. [9]
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
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 ...
The Office for National Statistics said the unemployment rate fell to 3.5% over the three months to August. UK unemployment falls to lowest since 1974 amid rise in long-term sickness Skip to main ...
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It came as figures showed that the UK unemployment rate hit 3.7% in the same three months, unchanged from the three months to the end of October, but up from 3.5% compared to the period between ...
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.
Toggle the table of contents. ... Unemployment rate Employment rate Date Albania: ... United Kingdom: 4.9% [16] 79.3% (2019) [18] September 2020