United Kingdom: Unemployment inches down in October
November 11, 2015
In October, jobless claims rose 3,300 over the previous month, according to the Office for National Statistics (ONS). The print was above the revised increase of 500 in jobless claims recorded in September (previously reported: 4,500 increase) and overshot the 1,500 increase in jobless claims the markets had expects.
The unemployment rate—derived from a different survey—inched down from 5.4% in August to 5.3% in September (the latest period for which data are available). The figure surprised the markets, which had expected the unemployment rate to remain stable at 5.4%.
Author: Dirina Mançellari, Senior Economist