Monthly Indicator of New Unemployment Benefit Claims in the UK
United Kingdom| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The number of unemployment benefit claims is a monthly indicator showing the number of people who newly apply for unemployment benefits in the UK. This data is crucial for assessing the health of the labor market. It is released monthly by the Office for National Statistics (ONS) and is widely used as a leading indicator of the unemployment rate.
If the number of claims is increasing, it likely indicates a deteriorating labor market and suggests that companies are reducing their hiring activities. Conversely, if the number of claims is decreasing, it indicates an improving labor market with companies actively hiring. This data serves as an important reference for policymakers when adjusting economic and labor market policies.
For example, if the increase in unemployment benefit claims continues, the government may need to strengthen unemployment measures and economic stimulus policies. This indicator is also significant for financial markets, as unexpected changes in the number of unemployment benefit claims can cause market volatility. Businesses and investors use this data to gauge employment trends and make economic forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
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| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
