Price of crude oil soars, pushing up U.S. trade deficit
Summary from the United Kingdom, from articles in English
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Unemployment The number of people out of work and claiming benefits rose by 9,000 in May, and an increase in April was revised up to 11,200. (article 1)
On the Government's preferred Labour Force Survey measure, unemployment rose by 38,000 in the three months to the end of April to 1.64 million. (article 1)
The unemployment rate on this basis rose for the first time since May 2006 to 5.3 per cent, up 0.1 percentage points. (article 1)
Average earnings growth eased in April, with headline earnings growth falling to an annual 3.8 per cent in the three months to April, from 4 per cent in March. (article 1)
Tax reforms The Treasury's handling of controversial reforms to rules on capital gains and non-doms had been "very poor" and did not take enough account of private sector concerns, according to the Lords Economic Affairs Committee. (article 1)
The trade deficit widened to $4.3 billion in April, from $3.8 billion in March, while the global deficit on trade in goods rose to $7.6 billion, from $7.1 billion. (article 1)
Shares in London fell sharply, with the FTSE 100 index dropping 104 points, or 1.8 per cent, to close at 5,723.3, its fourth consecutive trading session of losses. (article 1)
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Story keywords
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billion, deficit, cent, rose, percent |
Source articles
- Need to know: Royal Mail; UBC Media; Tata Motors (business.timesonline.co.uk, 06/12/2008, 1961 words)
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