United Kingdom Unemployment Rate

The United Kingdom’s unemployment rate held steady at 4.4% from October to December 2024, defying expectations of a rise to 4.5%. This remains the highest level since the three months ending in May, driven by an increase in individuals unemployed for up to 12 months. Compared to the same period last year, the number of people unemployed for both up to 12 months and over 12 months increased. Meanwhile, the number of employed individuals rose by 107 thousand to 33.86 million, with a year-on-year growth in full-time and part-time employees. The number of people with second jobs also increased, now representing 3.8% of all employed individuals. Lastly, the economic activity rate edged lower to 21.5% from 21.6% in the preceding period.