UK unemployment rate falls unexpectedly to 7.8%

| April 13, 2011 | 0 Comments

The Office for National Statistics (ONS) has today revealed UK unemployment fell in the three months to February.

The ONS said unemployment fell by 17,000 in the three month period to 2.48 million.

The latest figures means the unemployment rate has fallen to 7.8% from 8% in January.

In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) rose in March, by 700 to 1.45 million, said the ONS.

Meanwhile, the ONS also said unemployment among 16 to 24-year-olds grew by 12,000 over the three month period to 963,000.

However, unemployment is expected to rise in the coming months as the Coalition Government’s tough austerity measures will see more than 300,000 public sector staff lose their jobs over the next four years.

In comparison, unemployment in the US stands at 8.9%, Japan’s unemployment rate is 4.6%, while in the euro zone, it is 9.9%.

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