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December 12, 2023UK UNEMPLOYMENT RATE, AUGUST 2023 TO OCTOBER 2023 
The UK Office for National Statistics reported today that the unemployment rate for the three-month period August to October 2023, was stable at 4.2%. This was up from the 3.7% compared to the same period a year ago.
There were 1.453 million unemployed people in the UK, 205,500 more than from a year earlier. Employment in the UK was at 33.007 million, 233,900 more compared to a year earlier.
Note: The UK Office for National Statistics published an alternative series of estimates of UK employment, unemployment, and economic inactivity due to the increased uncertainty around the Labour Force Survey (LFS) estimates. These figures were derived using growth rates from Pay As You Earn Real Time Information (excluding the early flash estimate) and the Claimant Count for the periods from May to July 2023 onwards.
Source: UK Labour Market Statistics; Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
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