Fresh jobs data in the U.K. managed to surprise market analysts on Wednesday, with benefit claimant figures actually falling following the country’s decision to leave the European Union.
The data for July – and hence an indicator of post-Brexit sentiment – showed that the number of people claiming out of work benefits fell 8,600, at 2.2 percent of the workforce. Economists had expected the number of benefit claimants to rise by 9,500 following the result to leave the EU, Reuters reported.
The lowest number of people claiming unemployment related benefits was 422,600 in December 1973, according to the ONS, and the highest figure was 3.09 million in July 1986. For the latest month, July 2016, there were 763,600 people claiming unemployment related benefits.