Unemployment News Report​ ​  January2023

Unemployment News Report ​ ​ January2023.

Employment. In September to November 2022, the UK's employment rate was projected to be 75.6%, essentially constant from the previous three months and 1.0 percentage points lower than it was before to the corona virus (COVID-19) pandemic (December 2019 to February 2020).It had indeed climbed by 0.1% to 75.6% from June to August 2022 and had held at that level by the end of the year.​.

Unemployment. The unemployment rate rose throughout the most recent three-month span. The number of those who have been jobless for up to six months rose, primarily among those between the ages of 16 and 24. The latest period saw an increase in those unemployed for more than six months and up to 12 months, with a drop in those unemployed for more than 12 months.​.

Inactivity. The economic inactivity rate had usually been declining since comparable records first began in 1971; nevertheless, it rose during the corona-virus (COVID-19) pandemic. Comparing the three months prior to September to November 2022, it dropped. However, in the latest three-month period (September to November 2022), those aged 16 to 24 years and 50 to 64 years drove the decrease in economic inactivity..