UK unemployment rate remained at decade low of 5.1% in Q4

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The data released by the UK Office for National Statistics (ONS) showed the jobless rate remained at a decade low of 5.1% in three months to December.

    Wage growth remained subdued around 2%. Excluding bonus, the pay growth advanced to 2%, beating the estimated drop to 1.8% from 1.9%. Including bonus, the growth slowed to 1.9% as expected.

    Unemployment fell 60,000 between October and December to 1.69 million and employment climbed 205,000 to 31.4 million. Jobless benefits fell 14,800 to 760,200 in January, taking the rate to 2.2%. In December, the total dropped 15,200 instead of previously reported figure of -4,300.
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