UK unemployment rate drops to 5.0%

Source: BBC News
© Reuters

Britain's unemployment rate dropped to 5.0% in the quarter to April, whereas analysts expected the reading to came in at 5.1% as in March. Meanwhile, the number of people filing for unemployment benefits fell by 400 in May, while the previous month's figure was revised up to an increase of 6,400 from an originally reported decline of 2,400.

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