Unemployment rate forecast UK 2020-2025

In 2020 the unemployment rate of the United Kingdom is forecasted to reach 4.4 percent, compared with 3.8 percent in 2019. Unemployment is expected to peak at 6.8 percent going into 2021 as the Coronavirus pandemic continues to impact the UK economy. A common indicator of an economy’s relative health, the unemployment rate has been falling in the United Kingdom since it’s 2011 peak of 8.1 percent.

UK firms continue to invest in its workforce
The unemployment rate of 4 percent predicted in this forecast certainly signals optimism in the UK employment market. If anything, the predictions might not be optimistic enough, with the unemployment rate falling to a low of just 3.8 percent in the first quarter of 2019.

Brexit and unemployment
Brexit’s potential impact on unemployment is uncertain and will likely be heavily influenced by what kind of trading relationship the UK and the European Union agree upon. In the event of a no-deal Brexit, the Bank of England forecasted that the Unemployment rate could peak at 7.5 percent.

Forecasted unemployment rate in the United Kingdom from 2020 to 2025

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% discount until March 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Sources

Release date

November 2020

Region

United Kingdom

Survey time period

2015-2025

Supplementary notes

*Data for 2015 to 2019 is outturn

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "The UK economy"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.