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The unemployment rate in the UK edged down to 4.2% from 4.3%, according to new data from the Office for National Statistics on Tuesday.
The unemployment rate for the period for June to August was estimated at 4.2%. This was a 0.2 percentage point increase compared with the period from March to May, the ONS said.
The ONS explained that the figures are an ‘alternative series of estimates’, due to ‘increased uncertainty’ around the Labour Force Survey estimates.
‘The experimental figures were derived using growth rates from pay-as-you-earn real-time information and the claimant count for the periods from May to July 2023 onwards. This is to provide a more holistic view of the state of the labour market while the LFS estimates are uncertain,’ the ONS explained.
Last month, the ONS said unemployment stood at 4.3% in the three months ended July.
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