UK June Unemployment Rate 4.7%... Down 0.1 Percentage Points from Previous Month
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[Asia Economy Reporter Kwon Jae-hee] On the 17th (local time), the UK Office for National Statistics (ONS) announced that the unemployment rate for June was recorded at 4.7%. This is 0.1 percentage points lower than the previous month's 4.8%. The forecasted rate was 4.8%.
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The UK defines the unemployment rate as the ratio of unemployed persons to the economically active population. Here, unemployed persons refer to those who have actively sought employment in the past four weeks and are available to start work within the next two weeks.
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