European Economic News

UK ILO Jobless Rate Falls In 3-Months To May

British unemployment rate declined in the quarter to May, the latest figures from the Office for National Statistics showed Wednesday.

The ILO unemployment rate fell to 8.1 percent in March-May from a revised 8.3 percent in the three months through February. Economists expected the rate to remain unchanged from the February quarter's original figure of 8.2 percent.

The jobless claims rose by 6,100 in June from a month earlier, compared to forecasts for an increase of 5,000.

The claimant count rate was 4.9 percent in June, unchanged from the previous month and in line with forecasts.

Total pay, excluding bonus, rose 1.5 percent year-on-year in March-May period, close to expectations for a 1.4 percent increase.

by RTTNews Staff Writer

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