UK: Unemployment rate fell to a new multi-decade low - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the UK unemployment rate fell to a new multi-decade low as it slipped from 4.2% to 4.0% in June (mkt 4.2%).

Key Quotes

“Wage growth was a touch softer than consensus at 2.4% y/y, but shorter-term trends (e.g. 3m/3m rate) have picked up in the last couple of months, so the worst is likely behind us now for the y/y measure.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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