UK average weekly earnings steady in Feb, miss estimates

FXStreet Team FXStreet

The Office for National Statistics (ONS) showed on Tuesday, the UK’s average weekly earnings, excluding bonuses matched expectations, arriving at 2.8% 3m y/y versus 2.6% last while the gauge including bonuses steadied at 2.8% 3m y/y versus 3.0% expected.

The Kingdom’s official jobless rate ticked lower to 4.2% in February, while the claimant count change increased more-than-expected.

The number of people claiming jobless benefits rose by 11.6k in March, against expectations of a 5.0k increase and +15.1k (revised from +9.2k) seen previously. The claimant count rate was unchanged at 2.4%.

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FXStreet

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