United Kingdom: Unemployment decreases in November
January 21, 2015
In December, jobless claims fell 29,700 over the previous month, according to the Office for National Statistics (ONS). The print represented a slightly bigger drop than the revised 29,600 decrease recorded in November (previously reported: -26,900) and exceeded the 25,000 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—fell from 6.0% in October to 5.8% in November (the latest period for which data are available), thus reaching the lowest level since August 2008. The figure met market expectations.
Author: Dirina Mançellari, Senior Economist