UK August jobless claims change -58.6k vs -71.7k expected

Latest data released by ONS – 14 September 2021

  • Prior -7.8k
  • Claimant count rate %
  • Prior 5.7%
  • July ILO unemployment rate 4.6% vs 4.6% expected
  • Prior 4.7%
  • July employment change 183k
  • Prior 95k
  • July average weekly earnings +8.3% vs +8.2% 3m/3m expected
  • Prior +8.8%
  • July average weekly earnings (ex bonus) +6.8% vs +6.8% 3m/3m expected
  • Prior +7.4%

Slight delay in the release by the source. The number of payrolled employees in the UK increased by 0.8% on the month in August, moving up to 29.1 million as the labour market recovery continues to take shape.

Adding to that is a further drop in the unemployment rate to 4.6% from 4.7% in June.

It has been a gradual process but employment conditions are at least moving back to pre-pandemic levels and that is a positive takeaway going into the year-end.

Elsewhere, wages growth has cooled off a little but still remains high with ONS noting that base effects are still at play so take caution when interpreting the numbers:

News

Articles You May Like

UK expect doing business in China to become harder over the next five years
Trump Media stock falls 10% after posting $327.6 million loss in first quarter
USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
CAD Sinks after CPI, NZD Await RBNZ
Britain’s inflation rate could be about to drop below the Bank of England’s 2% target

Leave a Reply

Your email address will not be published. Required fields are marked *