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  • UK Oct jobless claims changed -29.8K vs +36K expected.
  • The UK wages excluding bonuses rose by 1.9% YoY vs. 1.5% expected.
  • The unemployment rate in the UK rises to 4.8% in September.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate ticked higher to 4.8% in September vs. the previous 4.5% and 4.8% expected, while the claimant count change showed a surprise drop last month.

The number of people claiming jobless benefits dropped by 29.8K in September, against expectations +36K and -40.2K seen previously. The claimant count rate came in at 7.3% vs. 7.4% last.

The UK’s average weekly Earnings, excluding bonuses, arrived at +1.9% 3Mo/YoY in Sept versus +0.8% last and +1.5% expected while the gauge including bonuses came in at +1.3% 3Mo/YoY in Sept versus +0.1% previous and +1.1% expected.

more to come ..