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UK jobless levels climb, wage growth remains subdued

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Office for National Statistics noted on Wednesday, the number of people unemployed in the UK increased 21,000 to 1.7 million q/q in February, increasing for the first time since the middle of 2015 while the UK’s official jobless rate held at a decade low of 5.1% during that period.

    The number of people claiming jobless benefits rose 6,700 in March, after dropping a revised 9,300 in February, marking the first increase since August 2015. The claimant count rate stayed at 2.1%, the lowest since 1974.

    Wage growth, excluding bonuses held steady at 2.2% q/q in Feb, while wages ex-bonuses unexpectedly dropped to 1.8%, the lowest since February last year, from 2.1% previous.
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