Wednesday, June 11, 2008
The wheels have come off!
U.K. unemployment rose to the highest in seven months in May as weakening economic growth prompted companies to cut more staff. Claims for jobless benefits increased for a fourth month, rising by 9,000 to 819,300, the Office for National Statistics said today in London. Economists predicted an increase of 8,000, the median of 33 forecasts in a Bloomberg News survey show.