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 11 June 2024 06:00

Previous
4.3%
Revised
-
Forecast
4.3%
Actual
4.4%

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

Next event - Thursday 18 July 2024 06:00

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 4.4% against a forecast of 4.3%.

Past events

Date
Forecast
Actual
Tuesday 11 June 2024 06:00
4.3%
4.4%
Tuesday 14 May 2024 06:00
4.3%
4.3%
Tuesday 16 April 2024 06:00
4%
4.2%
Tuesday 12 March 2024 07:00
3.8%
3.9%
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%

Economic context

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

PreviousLatest
S&P Global/CIPS Composite PMIBearish change5351.7
S&P Global/CIPS Manufacturing PMIBullish change51.251.4
S&P Global/CIPS Services PMIBearish change52.951.2
Retail Sales (MoM)Bullish change-1.8%2.9%
Retail Sales (YoY)Bullish change-2.3%1.3%
Retail Sales ex-Fuel (MoM)Bullish change-1.4%2.9%
Retail Sales ex-Fuel (YoY)Bullish change-2.5%1.2%
GfK Consumer ConfidenceBullish change-17-14
BoE MPC Vote Rate Cut(no change)22
BoE MPC Vote Rate Hike(no change)00
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)Bearish change2.3%2%
Core Consumer Price Index (YoY)Bearish change3.9%3.5%
PPI Core Output (MoM) n.s.a(no change)0.2%0.2%
PPI Core Output (YoY) n.s.a Bullish change0.3%1%
Producer Price Index - Output (MoM) n.s.aBearish change0.3%-0.1%
Producer Price Index - Output (YoY) n.s.aBullish change1.1%1.7%
Retail Price Index (MoM)Bearish change0.5%0.4%
Retail Price Index (YoY)Bearish change3.3%3%
Consumer Inflation ExpectationsBearish change3%2.8%
Gross Domestic Product (MoM)Bearish change0.4%0%
Industrial Production (MoM)Bearish change0.2%-0.9%
Manufacturing Production (MoM)Bearish change0.3%-1.4%
Manufacturing Production (YoY)Bearish change2.3%0.4%
Average Earnings Excluding Bonus (3Mo/Yr)(no change)6%6%
Average Earnings Including Bonus (3Mo/Yr)(no change)5.9%5.9%
Claimant Count ChangeBearish change8.4K50.4K
Claimant Count RateBearish change4.1%4.3%
Employment ChangeBullish change-177K-140K

About ILO Unemployment Rate (3M)

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