UK Unemployment Rate Remains But People With Jobs at All Time High

UK unemployment has fallen by 102,000 to 1.86 million in the three months to January, official figures show.

The unemployment rate remains at 5.7% but the number of people in work is at an all-time high, the Office for National Statistics (ONS) said.

The number of people claiming Jobseeker’s Allowance also fell to 791,200, its lowest level since 2008.
Average earnings in the three months to January, including bonuses, rose 1.8% compared with a year earlier.

Regular pay, which excludes bonus payments, rose by 1.6%, in the same period compared with a year ago.
It means earnings continue to outstrip consumer price index (CPI) inflation, which official figures showed fell to a record low of 0.3% in January.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza