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UK Unemployment Drops to the Lowest since Jan. 2009

We got some jobs reports from the UK overnight.

Jobless claims dropped faster than forecast and the previous reading was revised to a larger drop as well.


Claimant Count Change (May): -27.4K
Forecast: -25.0K
Previous -28.4K (Revised down from -25.1)

This marks the 19th straight decline in jobless claims, which is in-line with a decline in unemployment rate.

The jobless rate fell from 6.8% in March to 6.6% in April, which is the lowest rate in more than 5 years. 


Unemployment Rate (April): 6.6%
Forecast: 6.7%
Previous: 6.8%

Employment rose 345K in April.