2008 recession unemployment rate uk


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PDF The Labour Market Story: The UK Following Recession

It shows the decisive shift as recession took hold: from September 2008 to May 2009 the vacancy rate fell by more than a quarter and unemployment increased by 

PDF Unemployment and mismatch in the UK

Mismatch shocks explain more than half of the rise in the steady state unemployment rate during the 2008-09 recession Post-recession the UK unemployment 

PDF The UK labour market and the great recession

The headline figures on employment and unemployment in the United Kingdom have undoubtedly been strong with lower than expected rises in the jobless totals 

PDF The UK labour market and the 2008

After some 15 years of near continuous job growth the UK employment rate in the middle of 2008 stood at around 75 of the working age population a rate 

  • When was UK unemployment highest?

    Between March 1971 and the most recent month, unemployment was highest in the Spring of 1984 when the unemployment rate hit 11.9 percent, with noticeable peaks also occurring in early 1993 and late 2011.

  • The economic downturn in 2008 caused the official level of unemployment to exceed 2 million by 2009 and 2.5 million a year later, with the rate reaching 8.0%.

  • Did the 2008 recession affect UK?

    The 2008 global financial crisis affected economies around the world.
    It led to the deepest UK recession since World War II, with rises in unemployment, debt and home repossessions.
    Young people experienced particularly high levels of job losses and unemployment.

  • What was the highest unemployment rate during the 2008 recession?

    The Great Recession, which officially lasted from December 2007 to June 2009, pushed the unemployment rate to a peak of 10.6% in January 2010, considerably less than the rate currently, according to a new Pew Research Center analysis of government data.

  • As indicated by the shaded area, the Great Recession in the UK started in the second quarter of 2008 and lasted five quarters. The unemployment rate rose from 5.4% to 7.8% in the second quarter of 2009. After that, it stayed elevated at slightly below 8%, but began falling in 2011.
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