UK unemployment rate remains at 4.7% in July, as expected

The UK unemployment rate was unmoved in July, as expected, numbers on Tuesday showed.

According to the Office for National Statistics, the nation's jobless rate was steady at 4.7% in the three months to July, where it stood for the three months to June. The reading was in line with consensus cited by FXStreet.

The ONS said an estimate showed payrolled employees declined by 142,000 on-year in July and by 6,000 on-month.

"The early estimate of payrolled employees for August 2025 decreased by 127,000 (0.4%) on the year, and by 8,000 (0.0%) on the month, to 30.3 million," the ONS added.

"The estimated number of vacancies in the UK fell by 10,000 (1.4%) on the quarter, to 728,000, in June to August 2025. This is the 38th consecutive period where vacancy numbers have dropped compared with the previous three months, with vacancies decreasing in 9 of the 18 industry sectors."

Average growth in regular earnings during the three months, so excluding bonuses, was 4.8%, in line with consensus cited by FXStreet, cooling from 5.0% in the three months to June.

Total pay growth picked up slightly to 4.7% from 4.6%, but was in line with expectations.