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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Unemployment Rate - Adjusted held to 4.2 in September 2023
FMPMonthlyReleased October 2023
United Kingdom Unemployment Rate - Adjusted held to 4.2 in September 2023, released October 2023.
Latest Release
4.200000
Actual
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Consensus
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Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Moves with | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Unemployment Rate - Adjusted (United Kingdom) was reported at 4.20 in September 2023. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Consumer Confidence (Jul 23).
Auto-generated from current model state · Refreshes on each release · Last update October 2023.
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Unemployment Rate - Adjusted - UK
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About Unemployment Rate - Adjusted — United Kingdom
DEFINITION
The Unemployment Rate - Adjusted is a widely used financial indicator that measures the percentage of the labor force that is currently without employment, but actively seeking work. This adjusted rate takes into account factors such as seasonal fluctuations and discouraged workers, providing a more accurate representation of the current state of the job market. It is a key metric for assessing the overall health of the economy and can impact various financial decisions and policies.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2023): actual 4.2.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
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Economic Calendar - UK Events
| Tuesday, July 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | UK | Claimant Count Change | 6.7 | 1.3 | 29.4 | 18.05 | Low |
| 06:00 | UK | Public Sector Net Borrowing | -16 | -23.3 | -19.8 | -19.40 | Low |
| 06:00 | UK | HMRC Payrolls Change | -4 | 3 | 20 | 8.00 | Low |
| 06:00 | UK | Employment Change | 147 | 99 | 85 | 116.00 | Medium |
| 06:00 | UK | Average Earnings excl. Bonus | 3.4 | 3.4 | 3.4 | 3.40 | Low |
| 06:00 | UK | Average Earnings incl. Bonus | 4.3 | 4.4 | 4.5 | 4.40 | Medium |
| 06:00 | UK | Unemployment Rate | 4.9 | 4.9 | 5 | 4.95 | High |