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U.K. Unemployment Extends Decline in Sign of Stabilization

U.K. jobless claims fell for a second month in April and a wider measure of unemployment dropped in the first quarter, providing further evidence of stability in the labor market.

Jobless-benefit claims fell by 13,700 from March, the biggest drop since July 2010, to 1.59 million, the Office for National Statistics said today in London. The median forecast of 24 economists in a Bloomberg News survey was for a gain of 5,000. Unemployment as measured by International Labour Organization methods fell to 8.2 percent in the first quarter from 8.3 percent in the three months through February.