UK Unemployment Falls in July

A similar trend to the US numbers. Lower unemployment figures but a combination of less people seeking jobs and receiving Jobseeker’s Allowance.

Glad to see the Olympic Games had a positive impact on the UK economy:

The number of people out of work fell by 7,000 to 2.59 million in the three months to July, compared with the previous three month period.

The unemployment rate was 8.1%, down 0.1% on the previous quarter.

The number out of work for more than a year was 904,000, the highest since 1996, official figures showed.

But the Office for National Statistics (ONS) also said the number of people claiming Jobseeker’s Allowance fell by 15,000 in August to 1.57 million.

The drop in the number of claimants was the largest since June 2010.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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