ILO Unemployment Rate (3M)

The Unemployment Rate is the broadest indicator of Britain’s labor market. The figure is highlighted by the broad media, beyond the financial sector, giving the publication a more significant impact despite its late publication. It is released around six weeks after the month ends. While the Bank of England is tasked with maintaining price stability, there is a substantial inverse correlation between unemployment and inflation. A higher than expected figure tends to be GBP-bearish.

Most recent - Tuesday 13 February 2024 07:00

Previous
4.2%
Revised
-
Forecast
4%
Actual
3.8%

Higher numbers than forecast tend to be bullish for GBP/xxx pairs and bearish for xxx/GBP pairs.

Next event - Tuesday 12 March 2024 07:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on GBP pairs is high.

There is no forecast value for ILO Unemployment Rate (3M) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ILO Unemployment Rate (3M) was 3.8% against a forecast of 4%.

Past events

Date
Forecast
Actual
Tuesday 13 February 2024 07:00
4%
3.8%
Tuesday 16 January 2024 07:00
4.2%
4.2%
Tuesday 12 December 2023 07:00
4.2%
4.2%
Tuesday 14 November 2023 07:00
-
4.2%
Tuesday 24 October 2023 06:00
4.3%
4.2%
Tuesday 12 September 2023 06:00
4.3%
4.3%
Tuesday 15 August 2023 06:00
4%
4.2%
Tuesday 11 July 2023 06:00
3.8%
4%
Tuesday 13 June 2023 06:00
4%
3.8%
Tuesday 16 May 2023 06:00
3.8%
3.9%
Tuesday 18 April 2023 06:00
3.7%
3.8%
Tuesday 14 March 2023 07:00
3.8%
3.7%
Tuesday 14 February 2023 07:00
3.7%
3.7%
Tuesday 17 January 2023 07:00
3.7%
3.7%
Tuesday 13 December 2022 07:00
3.7%
3.7%
Tuesday 15 November 2022 07:00
3.5%
3.6%
Tuesday 11 October 2022 06:00
3.6%
3.5%
Tuesday 13 September 2022 06:00
3.8%
3.6%
Tuesday 16 August 2022 06:00
3.8%
3.8%
Tuesday 19 July 2022 06:00
3.8%
3.8%
Tuesday 14 June 2022 06:00
3.6%
3.8%
Tuesday 17 May 2022 06:00
3.8%
3.7%
Tuesday 12 April 2022 06:00
3.9%
3.8%
Tuesday 15 March 2022 07:00
4%
3.9%
Tuesday 15 February 2022 07:00
4.1%
4.1%
Tuesday 18 January 2022 07:00
4.2%
4.1%
Tuesday 14 December 2021 07:00
4.2%
4.2%
Tuesday 16 November 2021 07:00
4.4%
4.3%
Tuesday 12 October 2021 06:00
4.5%
4.5%
Tuesday 14 September 2021 06:00
4.6%
4.6%
Tuesday 17 August 2021 06:00
4.8%
4.7%
Thursday 15 July 2021 06:00
4.7%
4.8%
Tuesday 15 June 2021 06:00
4.7%
4.7%
Tuesday 18 May 2021 06:00
4.9%
4.8%
Tuesday 20 April 2021 06:00
5.1%
4.9%
Tuesday 23 March 2021 07:00
5.2%
5%

Economic context

Recent economic data has been broadly neutral for GBP. Other recent announcements which may affect the market's interpretation of the next ILO Unemployment Rate (3M) result:

PreviousLatest
GfK Consumer ConfidenceBearish change-19-21
S&P Global/CIPS Services PMI(no change)54.354.3
S&P Global/CIPS Manufacturing PMIBullish change4747.1
S&P Global/CIPS Composite PMIBullish change52.953.3
Retail Sales ex-Fuel (MoM)Bullish change-3.5%3.2%
Retail Sales ex-Fuel (YoY)Bullish change-2.1%0.7%
Retail Sales (YoY)Bullish change-2.4%0.7%
Retail Sales (MoM)Bullish change-3.3%3.4%
Industrial Production (MoM)Bullish change0.5%0.6%
Gross Domestic Product (MoM)Bearish change0.2%-0.1%
Manufacturing Production (YoY)Bullish change1.9%2.3%
Manufacturing Production (MoM)(no change)0.8%0.8%
Gross Domestic Product (QoQ)Bearish change-0.1%-0.3%
Gross Domestic Product (YoY)Bearish change0.2%-0.2%
Producer Price Index - Output (YoY) n.s.aBearish change0.1%-0.6%
Core Consumer Price Index (YoY)(no change)5.1%5.1%
PPI Core Output (MoM) n.s.aBullish change-0.1%0.2%
PPI Core Output (YoY) n.s.a Bearish change0%-0.4%
Producer Price Index - Output (MoM) n.s.aBullish change-0.5%-0.2%
Consumer Price Index (MoM)Bearish change0.4%-0.6%
Retail Price Index (MoM)Bearish change0.5%-0.3%
Consumer Price Index (YoY)(no change)4%4%
Retail Price Index (YoY)Bearish change5.2%4.9%
Claimant Count ChangeBearish change5.5K14.1K
Average Earnings Including Bonus (3Mo/Yr)Bearish change6.7%5.8%
Claimant Count Rate(no change)4%4%
Employment ChangeBearish change73K72K
Average Earnings Excluding Bonus (3Mo/Yr)Bearish change6.7%6.2%

About ILO Unemployment Rate (3M)

Country:United Kingdom
Currency:GBP
Source:Office for National Statistics
Category:Labor Market
Frequency:Monthly

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