Tuesday, 16 June 2020 13:25 WIB |
ECONOMY |Ekonomi inggris
The Office for National Statistics (ONS) showed on Tuesday, the UK™s official jobless rate remained unchanged from the previous 3.9% in April, while the claimant count change showed a much bigger-than-expected increase last month.
The number of people claiming jobless benefits rose by 528.9K in May, against expectations +370K and +1032.7K (revised down from +856.5K) seen previously. The claimant count rate jumped to 7.8% vs. 5.8% last.
The UK™s average weekly Earnings, excluding bonuses, arrived at +1.7% 3Mo/YoY in April versus +2.7% last and +1.9% expected while the gauge including bonuses came in at +1.0% 3Mo/YoY in April versus +2.4% previous and +1.4% expected.
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).
Mixed UK jobs data failed to impress the GBP further, as GBP/USD held onto its recovery gains around 1.2665 region. The spot hit a fresh four-day high at 1.2687 in the last hour.
Source : FXstreet