UK Jobless Claims fall unexpectedly
Across the pond, jobless claims have been rising just as they have here. However, in the US, the jobless trend has been reversing itself. The UK has their first month of lowering unemployment data. Let's hope this continues. Via Reuters:
The Office for National Statistics said the number of people claiming unemployment benefit fell by 3,700 in October confounding expectations for a rise of 5,000. There was also a downward revision to September's rise in the claimant count -- to 1,300 from the 5,300 initially reported.
The number without a job on the wider ILO measure, which includes those looking for work but not claiming benefits, also declined, falling by 9,000 in the three months to September to 2.448 million.