UK Unemployment Rate rises to 4.7% in the quarter to May vs. 4.6% expected

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The United Kingdom’s (UK) ILO Unemployment rose to 4.7% in the three months to May after reporting 4.6% in the quarter to April, data published by the Office for National Statistics (ONS) showed on Thursday.

The data came in above the market consensus of 4.6%.

Additional details of the report showed that the number of people claiming jobless benefits increased 25.9K in June, compared with a rise of 33.1K in May, missing the expected 17.9K figure.

The Employment Change data came in at 134K in May versus 89K in April.

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UK Unemployment Rate rises to 4.7% in the quarter to May vs. 4.6% expected

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