UK ILO unemployment rate for three months to March

Office for National Statistics announced the UK ILO unemployment rate for three months to March on 2025-05-13. The reported figure stands at 4.5%, against a forecast of 4.5%, with the prior figure recorded as 4.40%.

Regarding the UK ILO unemployment rate for three months to March, The published value < expected value = positive for the pound, This data set follows the International Labour Organization (ILO) definition of unemployment, which states that an individual is considered unemployed in the following situations: - The individual is currently without work during the reference period. Work is defined as paid employment/self-employment. - The individual is currently available to work. - The individual has taken specific steps to seek paid employment/self-employment (such as 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 that reflects the overall economic condition, and it is one of the first economic data published each month; therefore, foreign exchange traders and researchers like to use the unemployment rate indicator to make predictions about other related indicators such as industrial production, personal income, and even new housing construction.

This data holds an importance level of , calculated using The proportion of unemployed persons over a three-month period calculated according to International Labour Organization standards relative to the total labor force, and updates monthly. The next release is set for 2025-07-17 14:00:00.

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