United Kingdom: Unemployment inches down in September
October 14, 2015
In September, jobless claims rose 4,500 over the previous month, according to the Office for National Statistics (ONS). The print was above the 1,200 increase in jobless claims recorded in August and contrasted the 2,100 drop in jobless claims the markets had expects.
The unemployment rate—derived from a different survey—inched down from 5.5% in July to 5.4 in August (the latest period for which data are available). The figure surprised the markets, which had the unemployment rate remaining stable at 5.5%.
Author: Dirina Mançellari, Senior Economist