Based on ILO methods, the unemployment rate slipped to 7.7 percent in the three months through May from 7.8 percent in the period through February. That compares with 9.9 percent in the euro region, 9.2 percent in the U.S. and 4.5 percent in Japan, the statistics office said.
Still, the number of people working part time because they could not find a full-time job rose to a record high, economic inactivity rose by 32,000 to 9.3 million and job vacancies dropped by 38,000.
The economy probably grew just 0.1 percent in the second quarter, the National Institute for Economic and Social Research said last week.
Bombardier, the world’s biggest trainmaker, said this month it will eliminate more than 1,400 jobs at a U.K. after it lost a government contract. Meanwhile, chocolate retailer Thorntons Plc and Carpetright Plc plan to close stores in response to a slump in consumer spending.
Source: BusinessWeek
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