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Tuesday, 09 February 2010 GMT
FOREX ALERTS >>
- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
- UK Retail Sales Growth Worst in 15 Years in January, says BRC Tue, 09 Feb 2010 02:19 GMT
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UK Jobs Market to Deteriorate Further - Economic Data Preview
Wednesday, 18 March 2009 02:40:44 GMT
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- Wednesday, 14 October 2009 11:14:50 GMT European Industrial Production Rises, Adds Too Recovery Signs
- Wednesday, 14 October 2009 10:23:33 GMT Greenback Finds No Relief in Overnight Trade (Morning Slices)
- Wednesday, 14 October 2009 04:10:16 GMT UK Claimant Count Rate Holds Flat; Jobless Claims Falls to 20.8K
The UK labor market is set to show continued weakness, with Jobless Claims rising by the most since March 1991. The Claimant Count Rate (the timeliest measure of unemployment) is set to rise to 4.0% in February, the highest in 9 years, while the ILO Unemployment Rate increases to an annual pace of 6.5% in the three months to January, the highest in 12 years. Job losses can be expected to translate into sluggish spending to weigh on economic growth, deepening the current downturn. Indeed, the International Monetary Fund has predicted that this time around the UK will see the worst recession of the G7 nations.
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