This statistic shows the seasonally adjusted unemployment rate in the United Kingdom from May 2018 to May 2019. In May 2019, the seasonally adjusted unemployment rate in the United Kingdom was at 3.8 percent. That year, the total UK population amounted to about 66.87 million inhabitants.
United Kingdom: Unemployment rate from May 2018 to May 2019
(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). (February 20, 2019). United Kingdom: Unemployment rate from May 2018 to May 2019 (seasonally adjusted) [Graph]. In Statista. Retrieved February 25, 2020, from https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). "United Kingdom: Unemployment rate from May 2018 to May 2019 (seasonally adjusted)." Chart. February 20, 2019. Statista. Accessed February 25, 2020. https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). (2019). United Kingdom: Unemployment rate from May 2018 to May 2019 (seasonally adjusted). Statista. Statista Inc.. Accessed: February 25, 2020. https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK). "United Kingdom: Unemployment Rate from May 2018 to May 2019 (Seasonally Adjusted)." Statista, Statista Inc., 20 Feb 2019, https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/
Office for National Statistics (UK), United Kingdom: Unemployment rate from May 2018 to May 2019 (seasonally adjusted) Statista, https://www.statista.com/statistics/276777/monthly-unemployment-rate-in-the-united-kingdom/ (last visited February 25, 2020)
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