U.K. Records Largest Rise In Jobless Claims Since Jan 2010

The number of Britons claiming jobless allowance increased in April at
the sharpest pace since the beginning of last year as the U.K. private
sector struggles to compensate for job losses in the public sector due
to the government spending cuts.

The headline claimant count, which indicates the number of people
seeking jobless claims, rose by 12,400 month-over-month to 1.47 million
in April, the Office for National Statistics said Wednesday. Economists
had expected no change in the number of claimants. The total number of
claimants was the highest since June 2010.

March's increase was upwardly revised to 6,400 from 700. The claimant
count rate was 4.6 percent during the month, while economists expected
the rate to remain unchanged from the previous month's 4.5 percent.

For three months to March, the jobless rate slipped slightly to 7.7
percent from 7.8 percent in the preceding three months. Economists were
expecting the rate to remain steady from the previous quarter. The
total number of unemployed people fell by 36,000 over the quarter to
2.46 million.

IHS Global Insight chief economist Howard Archer said that the data
fuels the belief that unemployment is headed up over the coming months.
Archer believes that the likely below-trend growth will mean that the
private sector will be unable to fully compensate for the increasing job
losses in the public sector that will result from the fiscal squeeze
that is now really kicking in.


The employment rate for the three months to March was 70.7 percent, up
0.2 percentage point from the previous quarter. The number of people in
employment increased by 118,000 on the quarter to 29.24 million.

The annual growth rate of total pay, including bonuses, was 2.3
percent for the three months to March, up from an upwardly revised 2.1
percent for the three months to February. The consensus forecast called
for a 2.1 percent increase. Excluding bonus, the annual earnings
growth rate slowed to 2.1 percent from 2.2 percent for the three months
to February. The slowdown in the already moderate underlying earnings
growth is a welcome news for the Bank of England and bolsters the case
for interest rates to be kept down at 0.50 percent for some time to
come, IHS Global Insight's Archer said.

According to him, the slack in the labor market is preventing higher
inflation and increased household inflation expectations from feeding
through to push up pay significantly and he expect this to remain the
case.

Hetal Mehta, an economist at Daiwa Capital Markets Europe, said the
labor market still has some way to go before it is out of the woods, and
its overall weakness will serve to keep household spending subdued in
the year ahead.

Lifted by the service sector, the British economy expanded in the
first quarter after undergoing a weather related contraction at the end
of 2010. GDP expanded 0.5 percent sequentially in the first quarter,
offsetting the 0.5 percent contraction in the fourth quarter of 2010.

The number of Britons claiming jobless allowance increased in April at
the sharpest pace since January last year, even as the UK's private
sector struggled to compensate for job losses in the public sector due
to government spending cuts. (Market News Provided by RTTNews)


räumung wien -
entsorgung wien -
reinigung Wien -
wohnungsreinigung wien -
umzug wien -
yallakora -
entsorgung wien -
umzug wien -
wohnungsräumung wien -
entsorgung -
entsorgung wien -
entsorgen -
entrümpelung -
entruempelung -
umziehen wien -
Umziehen -
umziehen -
forex news -
forex training -
forex trading -
umzug wien -
umzug


loan,plastic,blood,Medicine,eye,ear,alternative,medicine
,medical,Surgery,Plastic,cardiac,heart,cardiology,Oncology
,Diabetes,blood,forex,health,sexual,news,palliative,loan
,alternative,mind,geriatric,orthopedic,plastic,oncology,uro,
cardiology,nephrology,kidney,blood.haematology,psychiatry
,skin,derma,gland,endocrinology,chest,sex,alternative,
stomach,liver.intestine,pancrease,uterus,ovary,children
,neonat,boy,parent,eye,ophthalmology,epidemics,endemic
,ear,nose,throat,physiology,anatomy,micro,bio,forex,anus,
biochemistry,histopathology,toxic,poison,forensic,Palliative
,Care,medicine,life,vagin,rent,books,palliative,rent,loan
,newborn,nutrion,cosmotic,forex,foot,pelvis,family,surgery,