United Kingdom: Unemployment stable in April
June 17, 2015
In May, jobless claims fell 6,500 over the previous month, according to the Office for National Statistics (ONS). The print represented a smaller drop than the revised 7,800 decrease recorded in April (previously reported: -12,600) and was less than the 12,300 decrease in jobless claims the markets had expected.
The unemployment rate—derived from a different survey—was stable at March’s 5.5% in April (the latest period for which data are available), thus standing at the lowest level since July 2008. The figure met market expectations.
Author: Dirina Mançellari, Senior Economist