Market comment

Unemployment claimants fall at sharpest pace since August


Yesterday’s Pandemic Unemployment Payment (PUP) claimant data saw the sharpest weekly drop since early August, down 9,959 to 210,000. This suggests a little more momentum in the labour market, helped by school re-openings, reducing the unemployment rate to 14.8% from 15.4% at end-August.

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Sep 15 2020, 07:55 IST/BST