United Kingdom: Unemployment inches down in August
September 16, 2015
In August, jobless claims rose 1,200 over the previous month, according to the Office for National Statistics (ONS). The print contrasted both the revised 6,800 decrease recorded in July (previously reported: -4,900) and the 5,000 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—inched down from 5.6% in June to 5.5 in July (the latest period for which data are available). The figure surprised the markets, which had the unemployment rate remaining stable at 5.6%.
Author: Dirina Mançellari, Senior Economist