Mon. May 20th, 2024

UNITED KINGDOM ILO UNEMPLOYMENT RATE (3M) CAME IN AT 4.2%, ABOVE EXPECTATIONS (4%) IN FEBRUARY

GBP/USD United Kingdom pair rebounds from lows since November amid expectations of the Fed delaying rate cuts.GBP/USD pair rebounds from lows since November amid expectations of the Fed delaying rate cuts.

The United Kingdom Unemployment Rate rose to 4.2% in three months to February.

  • The Claimant Count Change for Britain stood at 10.9K in March.
  • GBP/USD holds the bounce toward 1.2450 after mixed UK jobs data.

UK UNEMPLOYMENT RATE CLIMBS TO 4.2% IN QUARTER TO FEBRUARY VS. 4.0% EXPECTED

The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday. The reading missed the market expectations of a 4.0% print.

UNITED KINGDOM CLAIMANT COUNT CHANGE REGISTERED AT 10.9K, BELOW EXPECTATIONS (17.2K) IN MARCH

UK AVERAGE EARNINGS EXCLUDING BONUS (3MO/YR) DIPPED FROM PREVIOUS 6.1% TO 6% IN FEBRUARY

UK AVERAGE EARNINGS INCLUDING BONUS (3MO/YR) ABOVE FORECASTS (5.5%) IN FEBRUARY: ACTUAL (5.

UK EMPLOYMENT CHANGE: -156K (FEBRUARY) VS PREVIOUS -21K

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