- The UK unemployment rate was unchanged at 3.7% in December.
- The number of job seekers in the UK fell by 12,900 in January.
- UK wages excluding bonuses rose 6.7% year-on-year in December, versus 6.5% expected.
According to the latest data released by the Office for National Statistics (ONS) on Tuesday, the UK Unemployment Rate was unchanged at 3.7% in December, as expected, while the claimant count showed a decline by January.
The number of people who applied for unemployment benefits fell by 12,900, compared to the decrease of 3,200 recorded in December.
UK median weekly earnings excluding bonds came in at 6.7% yoy in the three months October-December vs. 6.5% prior and forecast, while the including bonds gauge eased to 5.9%, down from 6.5 % previous and estimated 6.2%.
About employment in the UK
Median Earnings in the UK published by the National Statistics Office (ONS) are a key short-term indicator of how wage levels are changing in the UK economy. Generally speaking, positive earnings growth is anticipated to be positive (or bullish) for the British pound, while a low reading is considered negative (or bearish).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
