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- UK: ILO Unemployment Rate rises to 3.6% in September vs. 3.5% expected
UK: ILO Unemployment Rate rises to 3.6% in September vs. 3.5% expected
- UK ILO Unemployment Rate rose to 3.6% in September.
- GBPUSD stays in positive territory at around 1.1800.
The UK’s official jobless rate edged higher to 3.6% in September from 3.5% in August, the UK's Office for National Statistics announced on Tuesday. This reading came in slightly worse than the market expectation of 3.5%.
Further details of the jobs report revealed that the Claimant Count Rate remained unchanged at 3.9% in October. Additionally, wage inflation, as measured by the Average Earnings Excluding Bonus, rose to 5.7% from 5.5%, compared to analysts' estimate of 5.6%.
Market reaction
These data don't seem to be having a significant impact on Pound Sterling's performance against its major rivals. As of writing, GBPUSD was up 0.4% on the day at 1.1800.
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