1. National

Unemployment remains at 7.8%

Unemployment remained at 7.8% between April and June, official figures showed, despite the number of jobless falling by 4,000 to 2.51m. The number of people claiming jobseeker's allowance last month also fell by 29,200 to 1.4m.

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  1. Richard Edgar

Unemployment may fall sooner than Carney expected

The unemployment figure stays put at 7.8% although the underlying figures are encouraging. It may fall sooner than Bank of England governor Mark Carney expects.

If unemployment hits 7% sooner than he expected that means the Bank may consider raising interest rates sooner than they (and we) expected.

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