Forex Fundamentals
UK Unemployment Rate

UK Unemployment Rate 16 May 2023

UK Unemployment Rate 16 May 2023: 3.9% for March 2023, above the 3.8% forecast and up from 3.8% in February 2023. It is the highest of the last 12 releases. It is the second release in a row above the forecast. It was released on Tue 16 May 2023 at 06:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Office for National Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.9%
March 2023
Forecast
3.8%
The market consensus
Previous
3.8%
As the source gives it

What a print like this usually does

Above the forecast: A higher unemployment rate than forecast can weigh on sterling as markets see a looser labour market and greater scope for BoE cuts.

UK Unemployment Rate 16 May 2023: 3.9% for March 2023 against a 3.8% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

UK Unemployment Rate 16 May 2023: 3.9% vs 3.8% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-unemployment/2023-05-16

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
16 May 2023Mar3.9%3.8%3.8%
18 Apr 2023Feb3.8%3.7%3.7%
14 Mar 2023Jan3.7%3.8%3.7%
14 Feb 2023Dec3.7%3.7%3.7%
17 Jan 2023Nov3.7%3.7%3.7%
13 Dec 2022Oct3.7%3.7%3.6%
15 Nov 2022Sep3.6%3.5%3.5%
11 Oct 2022Aug3.5%3.6%3.6%
13 Sep 2022Jul3.6%3.8%3.8%
16 Aug 2022Jun3.8%3.8%3.8%
19 Jul 2022May3.8%3.9%3.8%
14 Jun 2022Apr3.8%3.6%3.7%
The release before:UK Unemployment Rate 18 April 2023The release after:UK Unemployment Rate 13 June 2023UK Unemployment Rate: every recent resultThis week’s economic calendar