Unemployment is forecast to rise as the economy slows

Working-age unemployment rate, %

March 2022 forecast

November 2022 forecast

6%

Forecast

5

4

23 March 2020

First UK lockdown

3

2015

2017

2019

2021

2023

2025

2027

March 2022 forecast

November 2022 forecast

6%

Forecast

5

23 March 2020

First UK lockdown

4

3

2015

2017

2019

2021

2023

2025

2027

Guardian graphic. Source: OBR analysis of ONS and OBR data. OBR, Economic and fiscal outlook November 2022