The U.K. unemployment rate rose in the three months to December, bringing to a halt the recent sharp declines in the country’s jobless figures. .
The unemployment rate edged up to 7.2 percent compared with 7.1 percent in the three months to November, according to the Office for National Statistics. The number was higher than a forecast of 7.1 percent in a Reuters poll, although the ONS said the number of people claiming jobless benefits fell by 27,600 in January.
Indeed, an unemployment rate of 7.2 percent is still down 0.4 percentage points compared to the July to September 2013 period. Investors are not as concerned with the unemployment rate in the U.K. since the revision of the Bank of England’s (BoE) forward guidance.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015