UK UNEMPLOYMENT RATE DROPS TO 3.8% IN QUARTER TO DECEMBER VS. 4.0% EXPECTED
- The UK Unemployment Rate declined to 3.8% in the quarter to December.
- The Claimant Count Change for Britain arrived at 14.1K in December.
- GBP/USD rises toward 1.2650 after encouraging UK jobs data.
The United Kingdom’s (UK) ILO Unemployment Rate dropped to 4.% in three months to December, compared to 4.2% in November, data published by the Office for National Statistics (ONS) showed Tuesday. The market forecast was for a 4.0% print in the reported period.
Additional details of the report showed that the number of people claiming jobless benefits rose by 14.1K in January when compared to a gain of 5.5K in December.
The British Employment Change data for December stood at 72K, as against a 73K increase in November.
Average Earnings excluding Bonus in the UK rose 6.2% 3M YoY in December versus November’s 6.7% increase, beating the market expectations of a 6.0% growth.
Another measure of wage inflation, Average Earnings including Bonus increased 5.8% in the reported period, compared with a 6.7% increase in November and the expected 5.6% raise.
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