Economic Buzz: UK Unemployment Rate Drops At 3.7%

17 May 2022 , 01:52 PM

The latest Labour Force Survey (LFS) estimates for January to March 2022 show that over the quarter there was a decrease in the unemployment rate in UK, while the employment and inactivity rates increased.The UK employment rate increased by 0.1 percentage points on the quarter to 75.7% but is still below pre-coronavirus (COVID-19) pandemic levels. The unemployment rate for January to March 2022 decreased by 0.3 percentage points on the quarter to 3.7%. The economic inactivity rate increased by 0.1 percentage points to 21.4% in January to March 2022. Powered by Commodity Insights