United Kingdom: Unemployment rate remains unchanged in April
April 18, 2016
In April, jobless claims dropped 2,300 over the previous month, according to the Office for National Statistics (ONS). The print contrasted the revised increase of 14,700 in jobless claims recorded in March (previously reported: 6,700 increase) and overshot the 4,300 increase in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—was stable in March at the previous month’s 5.1% (the latest period for which data are available), thus remaining at a multi-year low. The figure met market expectations.
Author: Dirina Mançellari, Senior Economist