UK unemployment rises in first quarter

clock

The UK's employment rate fell 0.3% between the fourth quarter of 2009 and the first quarter of 2010, according to labour market figures released today by the Office for National Statistics.

The employment rate was 72% in the first quarter, with 28.83m in work. The unemployment rate was 8%, with 2.51m jobless. This is a rise of 0.2% quarter on quarter. The claimant count of people claiming Jobseekers' allowance was 1.52m, a fall of 27,100, beating consensus expectations of a 20,000 fall. The ONS says the claimant count has fallen for five out of the last six months. Vicky Redwood, a senior UK economist at Capital Economics, says the data look weaker than the headline falls in the claimant count suggest. "These falls just seem to reflect people failing to sign on," she ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot