UK Unemployment Rate Falls Unexpectedly

UK Unemployment Rate Falls Unexpectedly


Unemployment rate in the U.K. declined unexpectedly between June and August, the latest figures from the Office for National Statistics revealed Wednesday.
The jobless rate fell to 7.9 percent in the June-August period from 8.1 percent during March-May. Economists expected the rate to remain unchanged from the previous period.
The average earnings, including bonuses, rose 1.7 percent from the same period a year earlier. This was forecast to rise 1.6 percent.
The claimant count or jobless claims fell by 4,000 from a month earlier to 1.57 million in September. Expectations were for no change in the number of people claiming the job seeker's allowance. The claimant count rate remained unchanged at 4.8 percent as expected.