United Kingdom: Unemployment inches up in May
July 14, 2015
In June, jobless claims rose 7,100 over the previous month, according to the Office for National Statistics (ONS). The print contrasted the revised 1,200 decrease recorded in May (previously reported: -6,500) and the 8,800 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—inched up from 5.5% in April to 5.6% in May (the latest period for which data are available. The figure was up from the 5.5% expected by the markets.
Author: Dirina Mançellari, Senior Economist