UK unemployment rises at fastest rate in almost five years

The number of people out of work in Britain rose at the fastest rate in almost five years, official figures showed on Wednesday, fuelled by an increase in unemployment among young people under the age of 24. After an almost two-year period of continuous declines in unemployment to the lowest levels since the mid 1970s, the number of people out of work rose by 46,000 to 1.47 million in the three months to December, according to the Office for National Statistics. The jobless rate rose to 4.4% against City forecasts for the level to remain unchanged at 4.3%. Read more...

UK Unemployment steady in November

There were 32.21 million people in work, 102,000 more than for June to August 2017 and 415,000 more than for a year earlier. The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975. The inactivity rate (the proportion of people aged from 16 to 64 who were economically inactive) was 21.2%, lower than for a year earlier (21.7%) and the joint lowest since comparable records began in 1971.


Australian economy added jobs, but unemployment rate rose

The Aussie economy added 34,700 jobs in December, massively ahead of the 15,000 forecast. Coming after a blockbuster set of November data this further surge might have been expected to boost the currency. But the devil appears to have been in the detail. Full-time jobs rose by ‘only’ 15,000, with part-time positions up by 19,500 (both were less than last month’s gains).


NFP employment increased less than expected

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing. In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed persons, at 6.6 million, was essentially unchanged over the month.


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