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18 Mar 2015
UK unemployment falls, wage growth slows
FXStreet (Mumbai) - The data released by the UK Office for National Statistics (ONS) showed the unemployment rate in January remained unchanged at 5.7%. The actual print fell short of prediction of 5.6%.
Jobless Claimant Count Change came in within expectations at a drop of 31K, compared to the downwardly revised previous figure of 39.4K. The average wage growth slowed down to 1.8%, significantly lower than 2.2% expected. Including bonuses and earnings, the wage growth rose only 1.6%, which is short of expected print of 1.8%. Average hourly earning carried expectations for ticking up from 2.1% to 2.2%.
Jobless Claimant Count Change came in within expectations at a drop of 31K, compared to the downwardly revised previous figure of 39.4K. The average wage growth slowed down to 1.8%, significantly lower than 2.2% expected. Including bonuses and earnings, the wage growth rose only 1.6%, which is short of expected print of 1.8%. Average hourly earning carried expectations for ticking up from 2.1% to 2.2%.