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UK unemployment remains at 4.7% in June; growth in total pay slows

ALN

The UK unemployment rate was unmoved in June, numbers on Tuesday showed, while an early estimate showed a monthly decline in payrolled employees eased in July.

The Office for National Statistics said the rate of unemployment in the three months to June remained at 4.7%, where it also had stood in the three months to May. Compared to the three months to March, however, the unemployment rate picked up from 4.5%.

The latest figure was in line with the FXStreet-cited market forecast.

Average weekly earnings, including bonuses in the three months to June eased to 4.6% from 5.0% in the period to May. Growth of 4.7% had been expected, according to FXStreet.

Regular pay growth remained at 5.0%, in line with expectations.

The ONS said an estimate showed payrolled employees fell by 149,000 on-year in June, and by 26,000 on-month.

‘The early estimate of payrolled employees for July 2025 decreased by 164,000 on the year, and by 8,000 on the month,’ the ONS added.

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