- Britain’s contenders fell to -43.3K in December.
- The unemployment rate in the UK fell to 4.1% in November.
- UK wages (excluding bonuses) fell to 3.8% annually (3.8% expected).
The Office for National Statistics (ONS) said on Tuesday that the UK’s official unemployment rate stunned the markets. It was 4.1 per cent annually in November. Expected values last 4.2% and 4.2%, while the number of applicants fell less sharply last month than before.
The number of people filing for unemployment benefits fell to 43.3K in December, compared to an earlier reported -49.8K. The number of applicants was 4.7% vs. 4.8% in the last month.
Britain’s average weekly earnings excluding bonus was 3.8% in November compared to +4.3% in the previous month and +3.8% in the same month last year, while in November the figure including bonuses was 4.2% compared to +4.9% in the previous month Was. and +4.2% in the same month last year.
Key Points (via ONS)
‘There were 184,000 more people at work in December 2021 than in November 2021.’
UK job vacancies have risen to a new record of 1,247,000 in the three months to December.”
GBP/USD remains upside-down near 1.3650 on upbeat UK jobs report.
The rate was last traded at 1.3646, slightly below the daily rate.
About UK Jobs
Average UK income, published by the Office for National Statistics (ONS), is an important short-term indicator of how wage levels in the UK economy are developing. In general, positive earnings growth is viewed as positive (or bullish) for the GBP, while lower readings are viewed as negative (or bearish).
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