British unemployment claims fall after Brexit vote

Britain's unemployment rate was unchanged at 4.9 percent in the three months to JuneBritain witnessed a surprise drop in claims for unemployment benefits in July, the immediate aftermath of the country’s vote in favour of exiting the European Union, official data showed Wednesday. In the run-up to the June 23 Brexit referendum, Britain’s unemployment rate was meanwhile unchanged at 4.9 percent — but analysts expect it to rise in the coming months despite the drop in benefits, or claimant count. “Although the claimant count will be taken as a positive indicator of the UK economy post-referendum, the indications from the single month data suggest the unemployment may have troughed at 4.9 percent,” said HSBC analyst Elizabeth Martins.

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