- The change in UK unemployment claims comes in at -15,100 in April.
- The unemployment rate falls to 4.8% in April.
- Salaries, excluding bonuses, increased 4.6% year-on-year.
The Office for National Statistics (ONS) has shown on Tuesday that the UK’s official unemployment rate fell to 4.8% in March from a forecast 4.9% and 4.9% from the previous month, while the change in unemployment claims showed an unexpected drop last month.
The number of people claiming unemployment benefits showed a decrease of – 15,100 people in April, compared to + 25,600 expected and the + 10,100 observed the previous month. The rate in unemployment claims was 7.2% compared to 7.2% previously.
Average weekly earnings in the UK, excluding bonuses, reached + 4.6% YoY in March versus + 4.4% previously and the + 4.6% expected, while the indicator that includes bonuses was + 4.0% year-on-year in March compared to the + 4.5% previously and the + 4.6% expected.
About UK Jobs
Average earnings including bonuses published by National Statistics are a key short-term indicator. This data analyzes how payment levels change in the UK economy. It can also be viewed as a basic pay growth measure. A reading above expectations is bullish for the pound, while a reading below the market consensus is bearish.
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