U.K. Unemployment Little Changed

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By Trey Thoelcke Published
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The U.K. Office for National Statistics reported that unemployment in the three months that ended in July was 8.1%. The is up from 8.0% for the three months that ended in June. The actual change was tiny. The number of unemployed people in fact fell 7,000, based on the two comparisons.

It is a wonder the numbers were not worse. The United Kingdom probably has entered a second recession in five years, which has increased calls for stimulus spending. In the meantime, Prime Minister David Cameron has been caught between his own promise to reduce deficits — mostly through austerity — and a growing rage about the effects of these cost cuts on the nation’s prosperity.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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