Free Trial
JGB TECHS

(U2) Off Lows, But Still Fragile

AUSSIE BONDS

A Little Firmer

NZD

Recent Cyclical Lows Are In Sight

US TSYS

Breakevens Support The Bid On Wednesday

AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: UK Jobs Market Buoyant As Unemployment Rate Falls

(MNI) London
(MNI) London
True

The UK jobless rate fell to 3.8% in the December to February period, matching its lowest level since the fourth quarter of 2019. The rate, in line with analysts expectations, has not been lower since 1974. The decline came despite a smaller-than-forecast 10,000 rise in LFS employment; analysts had been expected a 52,000 increase.

The employment rate actually fell to 75.5% from 75.6% in the November to January period, while the inactivity rate increased to 21.4% from 21.3% previously.

Keep reading...Show less
124 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The UK jobless rate fell to 3.8% in the December to February period, matching its lowest level since the fourth quarter of 2019. The rate, in line with analysts expectations, has not been lower since 1974. The decline came despite a smaller-than-forecast 10,000 rise in LFS employment; analysts had been expected a 52,000 increase.

The employment rate actually fell to 75.5% from 75.6% in the November to January period, while the inactivity rate increased to 21.4% from 21.3% previously.

Keep reading...Show less