UK Jobless Rate Declines to 7.8 percent
The number of people out of work in the UK has fallen to its lowest total for more than a year.
Unemployment fell by 49,000 to 2.51 million in the three months to September, taking the jobless rate to 7.8% from 7.9%.
The Office for National Statistics said that almost all the 49,000 fall was due to a decline in youth unemployment.
But the ONS said that the claimant count rose by 10,100 last month to 1.58 million, the highest since July.
The unemployment total is now 110,000 lower than for the July-September quarter last year, the ONS said. The number of people in work increased by 100,000 in the latest quarter to just under 30 million, a rise of more than half a million over the past year.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.