United Kingdom unemployment matches ours – and they use funny terms to describe it

Read this for news on the world economy, or just enjoy the interesting words the Brits use to describe their unemployment: Jobseekers Allowance (unemployment benefits), shadow work (?)…   UK unemployment total falls to 2.58m The¬†unemployment rate¬†fell to 8.1% in the period, down from 8.3% in the previous quarter. The ONS figures showed that the …

Unemployment rate at 8.1% – job growth seen in manufacturing, architecture, engineering, and computers

Hiring continued its slow pace in April as employers added a modest 115,000 jobs to their payrolls. The jobless rate inched down to 8.1% last month, the Labor Department said Friday, but that wasn’t because more people were employed. Rather, the rate fell as more workers dropped out of the labor force (about 342,000 workers). …