United Kingdom: Unemployment remains unchanged in December
January 20, 2016
In January, jobless claims fell 14,800 over the previous month, according to the Office for National Statistics (ONS). The print followed the revised decrease of 15,200 in jobless claims recorded in December (previously reported: -4,300 increase) and overshot the 3,000 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—was stable at the previous month’s 5.1% in December (the latest period for which data are available), thus remaining at a multi-year low. The figure surprised the markets, which had expected the unemployment rate to tick down to 5.0%.
Author: Dirina Mançellari, Senior Economist