The Unemployment claims in the UK increased by 64,300 during the month of November, notably worsening the 50,000 expected after the number of claimants fell by 29,800 in October.
November reading is the worst recorded in the last four months, specifically since last July.
The ILO unemployment rate increased one tenth in October, rising to 4.9% from 4.8% in September, although it improves the 5.1% expected by the market. The unemployment rate reaches 4.9% at its highest level since August 2016.
The salary earnings including bonuses increased 2.7% in the quarter from August to October, exceeding the estimated 2.2% and the previous 1.3%. Excluding bonuses, salaries grew 2.8% in the same period, surpassing the 1.9% previously and the 2.6% expected.
GBP / USD reaction
The pound has hardly reacted to the British employment data. He GBP/USD it continues to trade in a narrow range between 1.3310 and 1.3355 since yesterday’s American session. At time of writing, the pair is trading above 1.3340, gaining 0.10% on the day.
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