Wed, 22 Jan 2014 11:42:21 GMT
U.K. unemployment declines almost to BoE target
The average unemployment rate in the United Kingdom unexpectedly declined in September-October period to 7.1%, almost reaching the Bank of England's target rate of 7%, when the BoE is going to start reducing stimulus. In three months to October the jobless rate was 7.4%. At the same time, the total number of claims for unemployment benefits dropped 24,000, less than