Unemployment in UK could rise if the economic growth misses its targets
A leading employment group in UK has warned that the unemployment rate in UK could rise in the near future if the economic growth of the country misses its previously estimated targets even with a little margin.
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.