This statistic shows the seasonally adjusted unemployment rate in the United Kingdom from July 2022 to July 2023. In July 2023, the seasonally adjusted unemployment rate in the United Kingdom was at 4.3 percent. That year, the total UK population amounted to about 68.27 million inhabitants.
United Kingdom: Unemployment rate from July 2022 to July 2023
(seasonally adjusted)
Seasonal adjustment is a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends. It is normal to report un-adjusted data for current unemployment rates, as these reflect the actual current situation. Seasonally adjusted data may be used for the longer term comparison. Unlike the trend and cyclical components, seasonal components, theoretically, happen with similar magnitude during the same time period each year. The seasonal component of a series are often considered to be uninteresting in their own right and to cause the interpretation of a series to be ambiguous. By removing the seasonal component, it is easier to focus on other components.
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Office for National Statistics (UK). (September 12, 2023). United Kingdom: Unemployment rate from July 2022 to July 2023 (seasonally adjusted) [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). "United Kingdom: Unemployment rate from July 2022 to July 2023 (seasonally adjusted)." Chart. September 12, 2023. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). (2023). United Kingdom: Unemployment rate from July 2022 to July 2023 (seasonally adjusted). Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). "United Kingdom: Unemployment Rate from July 2022 to July 2023 (Seasonally Adjusted)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK), United Kingdom: Unemployment rate from July 2022 to July 2023 (seasonally adjusted) Statista, https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/ (last visited November 04, 2024)
United Kingdom: Unemployment rate from July 2022 to July 2023 (seasonally adjusted) [Graph], Office for National Statistics (UK), September 12, 2023. [Online]. Available: https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/