- Analytics
- News and Tools
- Market News
- UK Unemployment Rate steadies at 4.4% in quarter to May, as expected
UK Unemployment Rate steadies at 4.4% in quarter to May, as expected
- The UK Unemployment Rate held steady at 4.4% in three months to May.
- The Claimant Count Change for Britain arrived at 32.3K in June.
- GBP/USD trades near 1.3000 after mixed UK employment data.
The United Kingdom’s (UK) ILO Unemployment Rate held steady at 4.4% in the three months to May after reporting 4.4% in the previous period, according to data published by the Office for National Statistics (ONS) on Thursday. The market consensus was for a 4.4% reading.
Additional details of the report showed that the number of people claiming jobless benefits increased by 32.3K in June, compared with a revised gain of 51.9K in May, missing the expected 23.4K print.
The Employment Change data for May came in at 19K, compared to April’s -140K.
Meanwhile, Average Earnings excluding Bonus in the UK rose 5.7% 3M YoY in May versus a 6.0 % growth registered in April. The reading matched the expectations of a 5.7% increment.
Another measure of wage inflation, Average Earnings including Bonus also increased by 5.7% in the same period, having accelerated 5.9% quarter through April and aligned with the expected raise of 5.7%.
GBP/USD reaction to the UK employment report
GBP/USD sees a little reaction to the mixed UK employment data. The pair is trading flat on the day at 1.3000, as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.03% | 0.00% | -0.05% | -0.01% | -0.10% | 0.17% | 0.09% | |
| EUR | -0.03% | -0.03% | -0.09% | -0.05% | -0.14% | 0.12% | 0.02% | |
| GBP | -0.01% | 0.03% | -0.06% | -0.05% | -0.11% | 0.16% | 0.07% | |
| JPY | 0.05% | 0.09% | 0.06% | 0.02% | -0.05% | 0.18% | 0.12% | |
| CAD | 0.01% | 0.05% | 0.05% | -0.02% | -0.08% | 0.17% | 0.09% | |
| AUD | 0.10% | 0.14% | 0.11% | 0.05% | 0.08% | 0.27% | 0.20% | |
| NZD | -0.17% | -0.12% | -0.16% | -0.18% | -0.17% | -0.27% | -0.09% | |
| CHF | -0.09% | -0.02% | -0.07% | -0.12% | -0.09% | -0.20% | 0.09% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
