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Free AccessMarch Unemployment Ticks Lower; Apr.........>
UK DATA: March Unemployment Ticks Lower; Apr Claimant Count Soars
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--CLAIM COUNT DATA CUT OFF APR 12, 69.1% rise in claimant count
- JAN-MAR LFS JOBLESS RATE 3.9% VS 4.0% DEC-FEB
- JAN-MAR AVG TOTAL EARNINGS +2.4% VS +2.8% PRIOR
- JAN-MAR AVG EARNINGS EX-BONUS +2.7% VS +2.9% PRIOR
- APR CLAIMANT COUNT up 856,500 to 2,096,600
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The UK's jobless rate ticked down to 3.9% in the 3-month to Mar, with the
employment rate rising to a new a new record high of 76.6%, with total
employment increasing by 211k to 33.144 million in Mar. However, the claimant
count surged by 856,500 in Apr to the highest level since Jul 1996, shifting the
claimant count rate up to 5.8%, marking the highest total since Jan 1997. Total
wage growth slowed to 2.4% in Mar, while AWE ex. bonuses ticked down to 2.7%.
Vacancies showed the largest quarterly fall on record, down 170k. The ONS
further noted a sharp fall in hours worked in the last week of Mar.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.