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UK Unemployment Rate Rises To 4.4%; Wage Growth Up 2.5%

Published 02/21/2018, 06:28 AM
© Reuters.  UK Unemployment Rate Rises To 4.4%; Wage Growth Up 2.5%
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  • The jobless rate in the UK inched up from its lowest level of 4.3% in more than four decades in December to 4.4%, against analyst consensus of the unchanged unemployment rate.
  • The claimant count fell by a seasonally adjusted 7,200 in January, compared to expectations for a gain of 2,300 people, following an increase of 6,200 a month earlier.
  • The average earnings index, incl. bonuses, rose by a seasonally adjusted 2.5% in the three months to December (excl. bonus rose by 2.5%), matching forecasts and unchanged from the preceding three-month period.
  • The rise in the jobless rate and the increase in average earnings may undermine the case for the BOE to raise its benchmark interest rate in the months ahead.
  • Source: Investing.com
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: Dollar Trades Higher, But Stocks Challenged At Key Chart Point


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