U.K. Jobless Claims Unexpectedly Rise as Labor Market Slows
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U.K. jobless claims rose at the fastest pace in more than a year and job creation slowed, suggesting the labor market is succumbing to a fragile economic outlook.
Jobless-benefit claims increased 10,100 to 1.58 million in October, the most since September last year, the Office for National Statistics said today in London. The median of 28 estimates in a Bloomberg News survey was for no change. Employment based on International Labor Organization methods rose 100,000 in the three months through September, half the pace of the previous period, as a boost from the London Olympics began to fade.