UK jobs mixed: Claimants count change upbeat, Wages disappoint
|The Office for National Statistics noted on Wednesday, the UK’s official jobless rate remained unchanged at 4.6% in April, while the claimant count rose less-than expectations.
The number of people claiming jobless benefits increased by only 7.3k in May, against expectations of a 10.0k increase and 22.0k seen previously. The claimant count rate steadied at 2.3%.
Wage growth, excluding bonuses disappointed markets in the reported period, coming in at 1.7% versus 1.8% last, while the gauge including bonuses also surprised negatively, , arriving at 2.1% 3m y/y versus 2.3% last and 2.4% expected.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.