In the three months leading up to February, the UK unemployment rate stayed at 4.4%.
In March, the Claimant Count Change for Britain was 18.7K.
The GBP/USD maintains its advances at 1.3200 following conflicting UK employment data.
According to figures released by the Office for National Statistics (ONS) on Thursday, the UK's ILO unemployment rate remained stable at 4.4% for the three months ending in February. A 4.4% reading for the given time was the market's prediction.
According to the report's further information, the number of people claiming unemployment benefits improved by 18.7K in February, surpassing the 30.3K readout that was anticipated, compared to a revised gain of 16.5K in January.
Compared to January's 144K, the February Employment Change figures showed 205K.
In the meantime, the UK's average earnings, excluding bonuses, increased 5.9% three months year over year (3M YoY) in February as opposed to the previously reported 5.8% growth. The market anticipated a 6% print.
After increasing by a revised 5.6% in the quarter ending in February, Average Earnings, including Bonus, another indicator of pay inflation, increased 5.6% over the same time frame. The statistics exceeded the 5.7% expectation.
Response of the GBP/USD to the UK employment report
The GBP/USD maintains its advances after the UK jobs data was released. As of this writing, the pair is up 0.07% for the day at 1.3201.
In March, the Claimant Count Change for Britain was 18.7K.
The GBP/USD maintains its advances at 1.3200 following conflicting UK employment data.
According to figures released by the Office for National Statistics (ONS) on Thursday, the UK's ILO unemployment rate remained stable at 4.4% for the three months ending in February. A 4.4% reading for the given time was the market's prediction.
According to the report's further information, the number of people claiming unemployment benefits improved by 18.7K in February, surpassing the 30.3K readout that was anticipated, compared to a revised gain of 16.5K in January.
Compared to January's 144K, the February Employment Change figures showed 205K.
In the meantime, the UK's average earnings, excluding bonuses, increased 5.9% three months year over year (3M YoY) in February as opposed to the previously reported 5.8% growth. The market anticipated a 6% print.
After increasing by a revised 5.6% in the quarter ending in February, Average Earnings, including Bonus, another indicator of pay inflation, increased 5.6% over the same time frame. The statistics exceeded the 5.7% expectation.
Response of the GBP/USD to the UK employment report
The GBP/USD maintains its advances after the UK jobs data was released. As of this writing, the pair is up 0.07% for the day at 1.3201.
