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- U.K. jobless claims decline sharply in August
U.K. jobless claims decline sharply in August
The number
of people claiming Jobseeker's Allowance decreased 32,600 to 1.40 million, the
smallest since February 2009, the Office for National Statistics said. Economists
had expected a fall of 21,000.
Consequently,
the claimant count rate for August edged down to 4.2 percent from 4.3 percent
in July. The rate was expected to remain unchanged at 4.3 percent.
The
unemployment rate for three months to July came in at 7.7 percent, down 0.1
percentage point from February to April period. The rate was slightly below the
expected 7.8 percent.
Average
earnings excluding bonus payments rose 1 percent during May to July compared
with the same period a year earlier. Including bonus payments, earnings climbed
1.1 percent.
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