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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 18 February 2025 07:00

Previous
4.4%
Revised
-
Forecast
4.5%
Actual
4.4%

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

Next event - Thursday 20 March 2025 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 4.4% against a forecast of 4.5%.

Past events

Date
Forecast
Actual
Tuesday 18 February 2025 07:00
4.5%
4.4%
Tuesday 21 January 2025 07:00
4.3%
4.4%
Tuesday 17 December 2024 07:00
4.3%
4.3%
Tuesday 12 November 2024 07:00
4.1%
4.3%
Tuesday 15 October 2024 06:00
4.1%
4%
Tuesday 10 September 2024 06:00
4.1%
4.1%
Tuesday 13 August 2024 06:00
4.5%
4.2%
Thursday 18 July 2024 06:00
4.4%
4.4%
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%

Economic context

Recent economic data has been moderately bullish 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 change50.650.5
S&P Global/CIPS Manufacturing PMIBearish change48.346.4
S&P Global/CIPS Services PMIBullish change50.951.1
Retail Sales (MoM)Bullish change-0.6%1.7%
Retail Sales (YoY)Bearish change2.8%1%
Retail Sales ex-Fuel (MoM)Bullish change-0.9%2.1%
Retail Sales ex-Fuel (YoY)Bearish change2.1%1.2%
GfK Consumer ConfidenceBullish change-22-20
Consumer Price Index (MoM)Bearish change0.3%-0.1%
Consumer Price Index (YoY)Bullish change2.5%3%
Core Consumer Price Index (YoY)Bullish change3.2%3.7%
PPI Core Output (MoM) n.s.aBullish change0%0.3%
PPI Core Output (YoY) n.s.a Bearish change1.6%1.5%
Producer Price Index - Output (MoM) n.s.aBullish change-0.2%0.5%
Producer Price Index - Output (YoY) n.s.aBullish change-0.1%0.3%
Retail Price Index (MoM)Bearish change0.3%-0.1%
Retail Price Index (YoY)Bullish change3.5%3.6%
Average Earnings Excluding Bonus (3Mo/Yr)Bullish change5.6%5.9%
Average Earnings Including Bonus (3Mo/Yr)Bullish change5.6%6%
Claimant Count ChangeBearish change-15.1K22K
Claimant Count RateBearish change4.5%4.6%
Employment Change (3M)Bullish change35K107K
Gross Domestic Product (MoM)Bullish change0.1%0.4%
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change1%1.4%
Industrial Production (MoM)Bullish change-0.5%0.5%
Manufacturing Production (MoM)Bullish change-0.3%0.7%
BRC Like-For-Like Retail Sales (YoY)Bearish change3.1%2.5%

About ILO Unemployment Rate (3M)

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

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