U.K. ILO unemployment inclines to 8.0%

By IBTimes Staff Reporter | April 21 2010 4:49 AM

U.K. ILO unemployment surged to 8.0% in the 3 months ending February above both preceding and forecasted readings of 7.8%. Jobless claims for March reached -32.9 thousands from -32.3 thousands revised to -40.1 thousands compared with estimates of -10.0 thousands, while claimant count rate retreated to 4.8% from 4.9% forecasted and prior. Annual Average weekly earnings for the 3 months ending in February inclined to 2.4% from 0.9% revised to 0.8% and predictions of 2.3%, whereas weekly earnings excluding bonus climbed to 1.7% from 1.4% revised to 1.5% and median projections of 1.6%.

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