U.K. Unemployment Declines as Payrolls Surge to Record
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U.K. jobless claims unexpectedly fell and payrolls rose to a record high as the London Olympics helped boost hiring.
Jobless-benefit claims fell 4,000 to 1.57 million in September, the Office for National Statistics said today in London. The number of people in work surged 212,000 to 29.6 million in the quarter through August, the highest since records began in 1971. Separately, minutes of the Bank of England’s policy meeting this month showed that officials are divided on the need for more stimulus for the economy.