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  • UK April jobless claims changed 856.5K vs +150K expected.
  • The UK wages excluding bonuses rose by 2.7% YoY vs. +2.6% expected.
  • The unemployment rate in the UK dropped to 3.9% in March.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate rose from the previous 4.0% to 3.9% in March, while the claimant count change showed a much bigger-than-expected increase last month.

more to come …

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).