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UK Jobless Rate Slows in 3rd Quarter

According to the Office for National Statistics (ONS), the UK lost 21,000 jobs between August and October, bringing the total number of officially unemployed to 2.49 million. The good news however, is that this was the lowest three-month total since the second quarter of 2009.

“It is still tough for a lot of people and we still expect unemployment to increase again in the New Year. So we are determined to do more, supporting a total of 400,000 extra youth opportunities over the next 18 months,” said Yvette Cooper, Secretary of State for Work and Pensions.

BBC News

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Posted by Dean Popplewell at 6:36 am UTC, 05/22/2012
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May
22
Today’s Global
Market Events
6:15am

USD
FOMC Member Lockhart Speaks
10:00am

EUR
Consumer Confidence
-20 vs. -20
USD
Existing Home Sales
4.64M vs. 4.48M
USD
Richmond Manufacturing Index
12 vs. 14
7:50pm

JPY
Trade Balance
-0.60T vs. -0.62T
8:00pm

AUD
CB Leading Index m/m
0.0%
8:30pm

AUD
MI Leading Index m/m
0.2%
Tentative

JPY
Monetary Policy Statement
JPY
Overnight Call Rate
0.10% vs. 0.10%