UK ILO unemployment rate for three months in May
Office for National Statistics announced the UK ILO unemployment rate for three months in May on 2025-07-17. The reported figure stands at 4.7%, against a forecast of 4.6%, with the prior figure recorded as 4.60%.
Regarding the UK ILO unemployment rate for three months in May, The released value < expected value = positive for the British pound, This data set follows the International Labour Organization (ILO) definition of unemployment, which states that an individual is considered unemployed under the following circumstances: - The individual is currently without work during the reference period. Work is defined as paid employment/self-employment. - The individual is currently available for work. - The individual has taken specific steps to seek paid employment/self-employment (e.g., registering with private/public employment agencies, submitting job applications, seeking funding to establish their own business, etc.). The unemployment rate is viewed as an indicator reflecting the overall economic situation, and it is among the first economic data released each month, which is why forex traders and researchers like to use the unemployment rate indicator to predict other related indicators such as industrial production, personal income, and even new housing construction.
This data holds an importance level of , calculated using According to International Labour Organization standards, the proportion of unemployed persons over a three-month period calculated against the total labor force, and updates monthly. The next release is set for 2025-08-12 14:00:00.
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