UK unemployment rate steady at decade low, wage growth accelerates

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The data released in the UK showed unemployment held at its lowest rate for a decade, while wage growth accelerated.

    The Office for National Statistics (ONS) data showed wage growth inclusive and exclusive of bonus rose 2.1% y/y and 2.2% y/y respectively, both bettering estimates.

    Unemployment fell 28,000 leaving the rate at 5.1%, the lowest since early 2006. Jobless claims fell 18K February to 716,700, leaving the rate at 2.1%, the lowest since 1974.
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