UK Unemployment Rate steadies at 5.1% in the quarter to November, versus 5.0% expected
The United Kingdom’s (UK) ILO Unemployment Rate steadied at 5.1% in the three months to November after reporting 5.1% in the quarter to October, data published by the Office for National Statistics (ONS) showed on Tuesday.
The data came in above the market forecast of 5.0%.
Additional details of the report showed that the number of people claiming jobless benefits rose by 17.9K in December, compared with a revised decline of 3.3K in November and the expected 18.8K gain.
The Employment Change data came in at 82K in November, against -17K recorded in October.
Meanwhile, Average Earnings, excluding Bonus, in the UK ticked up by 4.5% three months year-over-year (3M YoY) in November versus a 4.6% growth booked previously. The market expectation was for a 4.5% print.
Another measure of wage inflation, Average Earnings, including Bonus, advanced by 4.7% in the same period after increasing by 4.8% (revision) in the quarter through October. The data beat the estimate of 4.6%.
GBP/USD reaction to the UK employment report
GBP/USD stays uninspired by the release of the UK employment data. The pair is trading modestly gains on the day at 1.3434, as of writing.
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.16% | -0.01% | 0.29% | -0.08% | -0.23% | -0.54% | -0.14% | |
| EUR | 0.16% | 0.15% | 0.46% | 0.09% | -0.06% | -0.38% | 0.02% | |
| GBP | 0.01% | -0.15% | 0.32% | -0.07% | -0.20% | -0.52% | -0.13% | |
| JPY | -0.29% | -0.46% | -0.32% | -0.37% | -0.52% | -0.84% | -0.43% | |
| CAD | 0.08% | -0.09% | 0.07% | 0.37% | -0.15% | -0.47% | -0.05% | |
| AUD | 0.23% | 0.06% | 0.20% | 0.52% | 0.15% | -0.31% | 0.11% | |
| NZD | 0.54% | 0.38% | 0.52% | 0.84% | 0.47% | 0.31% | 0.40% | |
| CHF | 0.14% | -0.02% | 0.13% | 0.43% | 0.05% | -0.11% | -0.40% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
