UK UNEMPLOYMENT RATE STEADIES AT 4.2% IN QUARTER TO NOVEMBER, AS EXPECTED
- The UK Unemployment Rate held steady at 4.2% in the quarter to November.
- The Claimant Count Change for Britain arrived at 11.7K in December.
- GBP/USD remains pressured below 1.2700 after the mixed UK jobs data.
The United Kingdom’s (UK) ILO Unemployment Rate remained intact at 4.2% in three months to November, data published by the Office for National Statistics (ONS) showed Tuesday. The market expected a 4.2% reading in the November quarter.
Additional details of the report showed that the number of people claiming jobless benefits climbed by 11.7K in December, as against an increase of 0.6K in November.
The British Employment Change data for November came in at 73K, compared with a 50K gain seen in October.
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