U.K. Jobless Claims Decline Most in 2 Years in August
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U.K. jobless claims unexpectedly fell the most in more than two years in August as the economy continued to create jobs in the face of a recession.
Unemployment-benefit claims fell 15,000 to 1.57 million, the Office for National Statistics said today in London. The median of 30 forecasts in a Bloomberg News Survey was for no change. The jobless total measured by International Labor Organization methods fell 7,000 in three months ended July to 2.59 million. Employment increased 236,000 to 29.6 million, the biggest gain in two years.