logo
  

U.K. Aug-Oct Jobless Rate Falls Less Than Expected

The U.K. unemployment rate fell less than expected in the August to October period, data from the Office for National Statistics showed Wednesday.

The jobless rate fell to 6 percent during August to October, down from 6.2 percent seen in the May to July period. Economists had forecast a rate of 5.9 percent.

During August to October, there were 1.96 million unemployed, 63,000 fewer than in the May to July period. This was the smallest quarterly decline since July to September 2013.

Compared with a year earlier, the number of unemployed people fell by 455,000.

The claimant count rate fell to 2.7 percent in November as expected, from 2.8 percent in October.

The number of people claiming jobseeker's allowance decreased by 26,900 from October, while economists expected a decline of 20,000.

Pay including bonuses was 1.4 percent higher than a year earlier, more than the 1.2 percent increase expected by economists. Excluding bonus, earnings climbed 1.6 percent from last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Viona Pharmaceuticals Inc. has recalled type 2 diabetes drug Metformin in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Ford Motor Co. on Monday issued a recall for a total of 19,626 2021 F-Series Super Duty vehicles with dual rear wheels in North America. These include 17,616 vehicles in the U.S. and federal territories; 1,779 in Canada; and 231 in Mexico. The affected vehicles are equipped with front-wheel hub extenders... Royal Philips has recalled specific sleep and respiratory care devices due to the potential health risks related to the polyester-based polyurethane or PE-PUR sound abatement foam component. The affected products include Bi-Level Positive Airway Pressure or Bi-Level PAP, Continuous Positive Airway Pressure or CPAP, and mechanical ventilator devices.
Follow RTT