U.K. Unemployment Declines as Recovery Gains Momentum: Economy
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U.K. jobless claims fell more than economists forecast in May and a wider measure of unemployment also declined, providing further evidence that an economic recovery is under way.
Jobless claims fell 8,600 from April to 1.51 million, leaving the rate at a 2 1/2-year low of 4.5 percent, the Office for National Statistics said today in London. Unemployment as measured by International Labour Organisation methods fell 5,000 in the three months through April to 2.51 million, a rate of 7.8 percent. Employment rose 24,000 to a record 29.8 million.