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U.K. Jobless Claims Fall More Than Forecast as Employment Rises

From bloomberg.com

U.K. jobless claims fell more than twice as much as forecast in January as job creation surged, showing the resilience of the labor market amid a fragile economic recovery. Unemployment claims fell 12,500 from December to 1.54 million, the Office for National Statistics said today in London. The median forecast of 24 economists in a Bloomberg survey was for a drop of 5,500. In the quarter through December, unemployment as measured by International Labour Organisation methods dropped 14,000 to 2.5 million. Employment jumped 154,000, the biggest gain since the middle of last year. The figures will provide a boost for ... (full story)

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