UK unemployment falls to 2.63 million
UK unemployment fell for the second consecutive month in the three months to March to reach 2.63 million, according to official figures.
UK unemployment fell as the economy added workers at the fastest pace for 21 years, indicating a recovery in the labor market just as the government prepares to enact the deepest spending cuts since World War II. Unemployment as measured by International Labour Organization methods declined 49,000 to 2.46 million in the quarter through June, the biggest drop since 2007, the Office for National Statistics said today in London.