- Unemployment claims in the UK in April changed from 856.5,000 to +150,000 expected.
- British wages excluding bonuses increased by 2.7% year on year compared to + 2.6% expected.
- The UK unemployment rate fell to 3.9% in March.
The National Statistics Office (ONS) showed on Tuesday that the UK’s official unemployment rate fell from 4.0% to 3.9% in March, while the change in the number of applicants showed a much higher bigger than expected last month.
more soon …
About jobs in the UK
Average UK earnings published by the National Statistics Office (ONS) is a key short-term indicator of changes in compensation levels in the UK economy. Generally speaking, positive earnings growth anticipates a positive (or bullish) result for the GBP, while a weak reading is considered to be negative (or bearish).