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  • UK Dec jobless claims changed -20K vs +35K expected.
  • The UK wages excluding bonuses rose by 4.1% YoY vs. 4.0% expected.
  • The unemployment rate in the UK rose to 5.1% in December.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate rose to 5.1% in December vs. the previous 5.0% and 5.1% expected, while the claimant count change showed an unexpected drop last month.

The number of people claiming jobless benefits fell by 20K in December, against expectations +35K and -202.4K seen previously. The claimant count rate came in at 7.2% vs. 7.4% last.

The UK’s average weekly Earnings, excluding bonuses, arrived at +4.1% 3Mo/YoY in Dec versus +3.6% last and +4.0% expected while the gauge including bonuses came in at +4.7% 3Mo/YoY in Dec versus +3.6% previous and +4.2% expected.

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