UK wages and jobs data report 20 April
- +2.1% prev
- Feb weekly earnings ex bonus 3mth-year +2.2% vs +2.1% exp vs +2.2% prev
- March jobless claims change +6.7k vs -11k exp vs -9.3k prev revised from -18.k
- March claimant count rate 2.1% as exp/prev
- Feb employment change 3mth/3mth 20k vs 60k exp vs 116k prev
- Feb unemployment rate 5.1% as exp/prev
Between September to November 2015 and the 3 months to February 2016, the number of people in work and the number of unemployed people increased, but the number of people not working and not seeking or available to work (economically inactive) fell.
There were 31.41 million people in work, 20,000 more than for September to November 2015 and 360,000 more than for a year earlier.
There were 22.98 million people working full-time, 289,000 more than for a year earlier. There were 8.43 million people working part-time, 71,000 more than for a year earlier.
Full report from the ONS here
First monthly increase in jobless since Aug 2015 will be of concern to the BOE and govt alike but the wages data will continue to be the focus and main worry.
Softer data generally puts the skids under GBPUSD to 1.4346 but recovering some poise. EURGBP failing into 0.7920 again from 0.7903 and currently 0.7911
