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UK / Jobless claims drop by most since 1997, youth unemployment rate at 21%

U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving.

Claims for unemployment benefit fell 41,700, the most since June 1997, the Office for National Statistics said in London today. The decline exceeded the 25,000 median forecast in a Bloomberg survey. The jobless rate as measured by International Labour Organisation standards was unchanged in the three months through August, as economists forecast.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Bloomberg

via U.K. Jobless Claims Drop by Most Since 1997 – Bloomberg.

Labour Market Statistics, October 2013 – ONS

For June to August 2013:

  • The employment rate for those aged from 16 to 64 was 71.7%, up 0.3 percentage points from March to May 2013 and up 0.4 from a year earlier. There were 29.87 million people in employment aged 16 and over, up 155,000 from March to May 2013 and up 279,000 from a year earlier.
  • The unemployment rate was 7.7% of the economically active population, down 0.1 percentage points from March to May 2013 and down 0.2 percentage points from a year earlier. There were 2.49 million unemployed people aged 16 and over, down 18,000 from March to May 2013 and down 40,000 from a year earlier.
  • The inactivity rate for those aged from 16 to 64 was 22.2%, down 0.2 percentage points from March to May 2013 and down 0.3 percentage points from a year earlier. There were 8.95 million economically inactive people aged from 16 to 64, down 83,000 from March to May 2013 and down 88,000 from a year earlier.
  • The unemployment rate for 16 to 24 year olds was 21.0% for June to August 2013, up 0.1

    percentage points from March to May 2013.

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Capture d’écran 2013-10-16 à 08.36.06

Capture d’écran 2013-10-16 à 08.33.10

Chosen excerpts by Job Market Monitor. Read the whole story at 

Capture d’écran 2013-10-16 à 08.31.28

via Labour Market Statistics, October 2013 – ONS. (and pdf)

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