United Kingdom: Unemployment inches down in February
April 17, 2015
In March, jobless claims fell 20,700 over the previous month, according to the Office for National Statistics (ONS). The print represented a smaller drop than the revised 29,100 decrease recorded in February (previously reported: -31,000) and was less than the 29,500 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—inched down from 5.7% in January to 5.6% in February (the latest period for which data are available), the lowest level since July 2008. The figure met market expectations.
Author: Dirina Mançellari, Senior Economist