iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

U.K. Unemployment Rises to its Highest Levels

“U.K. unemployment claims rose in April at the fastest pace since January 2010, underlining the fragility of the economic recovery as government spending cuts and accelerating inflation sap consumer confidence.

Jobless benefit claims increased by 12,400 from March to 1.47 million, theĀ Office for National Statistics said today in London. The median forecast of 24 economists in a Bloomberg News Survey was for no change. Unemployment measured by International Labour Organization methods fell 36,000 to 2.46 million people in the quarter through March.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter