UK ILO Unemployment Rate rose to 3.7% in October vs. 3.7% expected Employment UnitedKingdom EconomicIndicator GBPUSD
UK Claimant Count Change came in at +30.5K in November.According to the latest data released by the Office for National Statistics on Tuesday, the UK’s ILO Unemployment Rate rose from 3.6% to 3.7% in October vs. the 3.7% expected while the claimant count change showed an unexpected jump in the reported month.
The UK’s average weekly earnings, excluding bonuses, arrived at +6.1% 3Mo/YoY in October versus +5.8% last and +5.9% expected while the gauge including bonuses came in at +6.1% 3Mo/YoY in October versus +6.0% previous and +6.2% expected.“Payrolled employment increased by 107,000 employees in November 2022 when compared with October 2022, though this should be treated as a provisional estimate and is likely to be revised when more data are received next month.
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