In the three months leading up to May, the UK unemployment rate increased to 4.7%.
In June, the British claimant count change was 25.9K.
The GBP/USD exchange rate is down below 1.3400 following conflicting UK employment statistics.
According to data released by the Office for National Statistics (ONS) on Thursday, the United Kingdom's (UK) ILO unemployment rate increased to 4.7% in the three months ending in May after reporting 4.6% in the quarter ending in April.
The data exceeded the 4.6% market consensus.
According to the report's other findings, the number of people seeking unemployment benefits rose by 25.9K in June, compared to 33.1K in May, falling short of the 17.9K forecast.
In May, the Employment Change figures showed 134K, up from 89K in April.
In the meantime, average earnings in the UK, excluding bonuses, grew 5.0% in May compared to a 5.2% gain in the previous three months (3M YoY). The market anticipated a reading of 4.9%.
Average Earnings, including Bonus, another indicator of pay inflation, increased by 5.0% over the same time period after rising by 5.3% during the quarter ending in April. The information supported the 5.0% projection.
Response of the GBP/USD to the UK employment report
The Pound Sterling is little affected by the UK jobs statistics. As of this writing, the pair is down 0.19% for the day at 1.3398.
Today's British Pound Price
In June, the British claimant count change was 25.9K.
The GBP/USD exchange rate is down below 1.3400 following conflicting UK employment statistics.
According to data released by the Office for National Statistics (ONS) on Thursday, the United Kingdom's (UK) ILO unemployment rate increased to 4.7% in the three months ending in May after reporting 4.6% in the quarter ending in April.
The data exceeded the 4.6% market consensus.
According to the report's other findings, the number of people seeking unemployment benefits rose by 25.9K in June, compared to 33.1K in May, falling short of the 17.9K forecast.
In May, the Employment Change figures showed 134K, up from 89K in April.
In the meantime, average earnings in the UK, excluding bonuses, grew 5.0% in May compared to a 5.2% gain in the previous three months (3M YoY). The market anticipated a reading of 4.9%.
Average Earnings, including Bonus, another indicator of pay inflation, increased by 5.0% over the same time period after rising by 5.3% during the quarter ending in April. The information supported the 5.0% projection.
Response of the GBP/USD to the UK employment report
The Pound Sterling is little affected by the UK jobs statistics. As of this writing, the pair is down 0.19% for the day at 1.3398.
Today's British Pound Price
