empty
 
 

2020.05.1906:31:00UTC+00UK Unemployment Rate Rises Marginally

The UK unemployment rate rose only marginally in the first quarter, data from the Office for National Statistics showed Tuesday.

The ILO jobless rate came in at 3.9 percent, well below economists' forecast of 4.4 percent.

The ONS said the unemployment rate was 0.1 percentage points higher than a year earlier and 0.1 percentage points higher than the previous quarter.

At the same time, the employment rate in the three months to March reached a joint-record high of 76.6 percent, which was 0.6 percentage points higher than a year earlier.

Today's labor force survey estimates for January to March period remained mostly unaffected by the impact of the coronavirus, the ONS said.

Data showed that average earnings including bonus grew 2.4 percent from last year, slower than the expected 2.6 percent.

Excluding bonus, average earnings advanced 2.7 percent annually, slightly faster than the forecast of 2.6 percent.

In April, the claimant count rate rose to a seasonally adjusted 5.8 percent from 3.5 percent a month ago. The number of jobless claims increased sharply by 856,500 in April.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback