Household debt: statistics and impact on economy
This briefing provides statistics and forecasts for household debt, guidance on how to interpret debt statistics and analysis on how debt effects the economy.
This short paper summarises trends in unemployment rates and looks at how rates vary by ethnicity, age and sex.
Unemployment by ethnic background (314 KB , PDF)
1.42 million people aged 16+ were unemployed in April-June 2024. Of these, 946,000 were from a White ethnic background and 472,000 were from a minority ethnic background.
The UK unemployment rate was 4.1% in April-June 2024. The rate was 3.3% for people from a White ethnic background compared to 8.0% for people from minority ethnic backgrounds, although there was substantial variation between different ethnic minority groups.
People from White (3.3%) and Indian (4.9%) ethnic backgrounds had the lowest unemployment rates, and people from Mixed or Multiple (11.5%) and Pakistani (11.1%) ethnic backgrounds had the highest rates in April to June 2024.
The number of people from a minority ethnic background who are unemployed has increased by 77,000 from the same period last year. Unemployment levels decreased by 88,000 for people from a White ethnic background.
The unemployment rate rose from 7.2% to 8.0% for people from a minority ethnic background, while it fell from 3.6% to 3.3% for people from a White ethnic background.
Trends in unemployment
Prior to the start of the coronavirus pandemic, unemployment was at historically low levels for people from both White and minority ethnic backgrounds.
There was an increase in unemployment for all people following the start of the pandemic, although the impact was greater on people from minority ethnic backgrounds.
Unemployment during the pandemic was considerably lower than following the 2008 downturn. The unemployment rate for people from a White ethnic background reached a peak of 7.8% in 2011 while the rate for people from ethnic minority backgrounds increased to a peak of 14.7% in 2009.
Unemployment levels have fallen since the pandemic for people from both White and minority ethnic backgrounds. The unemployment rates in April to June 2024 were low compared to historic rates.
Unemployment by ethnic background (314 KB , PDF)
This briefing provides statistics and forecasts for household debt, guidance on how to interpret debt statistics and analysis on how debt effects the economy.
There will be a Westminster Hall debate on the future of coastguard search and rescue helicopter services on 14 January 2025. The debate will be opened by Alistair Carmichael MP.
Debt levels affect how much households spend. Find the latest data on UK household debt, mortgage rates and insolvencies.