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UK unemployment dips to +2.46m

The number of people unemployed in the UK fell by 49,000 to 2.46 million in the three months to June, figures show.

The decline in the jobless total was the biggest drop in three years.

The number of people employed increased by 184,000, the largest quarterly rise since 1989, the Office for National Statistics (ONS) said.

The figures also showed that the claimant count, or those out of work and seeking unemployment benefit, fell by 3,800 in July to 1.46 million. ‘With sharp public sector job cuts looming, we still think that renewed rises in unemployment lie ahead’ said Vicky Redwood Capital Economics

The rise in the number of those employed was largely the result of an increase in the number of part-time workers of 115,000, taking the total to 7.84 million, the highest figure since comparable records began in 1992, the ONS said.

The number of full-time workers increased by 68,000 on the quarter to reach 21.18 million.

BBC

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%