United Kingdom: Unemployment falls further hitting over-five-year low
July 16, 2014
In June, jobless claims fell 36,300 over the previous month according to the Office for National Statistics (ONS). The print was down from the revised 32,800 drop recorded in May (previously reported: -27,400) and exceeded the 27,000 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—fell to 6.5% in the three months up to May, which was down from the 6.6% tallied in the three months up to April. The figure was in line with market expectations and marked the lowest unemployment rate since December 2008.