UK Payrolls Drop More Than Expected

Britain’s employers shed workers at the fastest rate in nine months, with the number of employees on company payrolls slipping 26,000 in August, according to the Office for National Statistics. The drop was worse than the 5,000 drop that economists expected, though the provisional estimates are often revised. Bloomberg's Sam Unsted breaks down the situation. (Source: Bloomberg)

Britain’s employers shed workers at the fastest rate in nine months, with the number of employees on company payrolls slipping 26,000 in August, according to the Office for National Statistics. The drop was worse than the 5,000 drop that economists expected, though the provisional estimates are often revised. Bloomberg's Sam Unsted breaks down the situation. (Source: Bloomberg)