In June the UK Unemployment rate dropped, defying expectations while average earnings remained steady. However, July’s sharp rise in unemployment claims raises concern
UK jobs data came in largely in line with expectations with the unemployment rate remaining at 4.4% while average earnings eased to 5.7%. Claimant count remains a concern
GBP prices rallied despite a fall in employment change as unemployment and average earnings stole the show. Pound remains bid.
UK unemployment rises to 4.3%, a near two-year high while earnings continue to accelerate. The Bank of England (BoE) seems to be in a tough spot heading into the September meeting.