Economy
UK's unemployment rate at 3.7% in November 2022
Unemployment rate up on quarterly basis while down on yearly basis in UK
Gokhan Ergocun |
17.01.2023 - Update : 17.01.2023
ISTANBUL
The unemployment rate was at 3.7% in the UK in November 2022, up by 0.2 percentage points on a quarterly basis, official figures showed on Tuesday.
Meanwhile, the rate was down by 0.4 percentage points on a yearly basis, the Office for National Statistics (Ons) said.
"The UK employment rate was estimated at 75.6% in September to November 2022, largely unchanged compared with the previous three-month period and 1.0 percentage points lower than before the coronavirus (COVID-19) pandemic (December 2019 to February 2020)," it said.
"The economic inactivity rate decreased by 0.1 percentage points on the quarter to 21.5% in September to November 2022," it added.
