United Kingdom: Unemployment inches down in March
May 13, 2015
In April, jobless claims fell 12,600 over the previous month, according to the Office for National Statistics (ONS). The print represented a smaller drop than the revised 16,700 decrease recorded in March (previously reported: -20,700) and was less than the 20,000 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—inched down from 5.6% in February to 5.5% in March (the latest period for which data are available), the lowest level since July 2008. The figure met market expectations.
Author: Dirina Mançellari, Senior Economist