United Kingdom: Unemployment rate remains unchanged in April
June 15, 2016
In May, jobless claims decreased slightly by 400 over the previous month, according to the Office for National Statistics (ONS). The print contrasted the revised increase of 6,400 in jobless claims recorded in April (previously reported: 2,300 increase) and marginally overshot the stabilization in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—inched down to 5.0% in April (the latest period for which data are available), which was slightly below the 5.1% recorded in March. The unemployment rate has hit another multi-year low. Market analysts had expected the unemployment rate to remain stable at 5.1%.
Author: Christopher Mc Innes, Economist