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UK – Unemployment falls again

17 April 2015

UK unemployment levels fell to 5.6% in the three months ending February 2015, according to the latest figures from the Office for National Statistics (ONS). This compares with an unemployment rate of 6.9% during the same period last year.

Looking at international comparisons, the unemployment rate for the European Union (EU) was 9.8% in February 2015. Within the EU, the highest unemployment rates were for Greece (26% for December 2014) and Spain (23.2% for February 2015) and the lowest were for Germany (4.8% for February 2015) and Austria (5.3% for February 2015).

The unemployment rate for the United States was 5.5% for both February and March 2015.

The unemployment rate for the UK has been substantially lower than that for the whole of the EU throughout the financial crisis. The unemployment rate for the US has moved in a downward direction since early 2010 and the UK unemployment rate has been generally falling since early 2012.