Latest data released by ONS – 18 May 2021
- Prior -10.1k
- Claimant count rate 7.2%
- Prior 7.3%
- March ILO unemployment rate 4.8% vs 4.9% expected
- Prior 4.9%
- March employment change 84k vs 50k 3m/3m expected
- Prior -73k
- March average weekly earnings +4.0% vs +4.5% 3m/y expected
- Prior +4.5%
- March average weekly earnings (ex bonus) +4.6% vs +4.6% 3m/y expected
- Prior +4.4%
Slight delay in the release by the source. With many businesses reopening in April, there was a decent bump in payrolls but ONS does note that there remains three-quarters of a million people fewer than before the pre-pandemic peak last year.
Total employment rate in the UK is seen at 75.2% in the latest report but is still some 1.4% lower than the levels seen during December to February 2020.
This article was originally published by Forexlive.com. Read the original article here.