- -28.4 prev revised up from -25.1k
- ILO unemployment rate April 6.6 % vs 6.7% exp vs 6.8% prev
- lowest rate since Jan 2009
- The number of people out of work fell by 161,000 to 2.16 million
- The number of people in work rose by a record 345,000, to 30.5 million, most of which are in full-time employment.
Better than expected data and cable is “rushing up” to 1.6765 from 1.6752. EURGBP 0.8072 from 0.8080
I did say I didn’t expect fireworks either way so grab what you can while you can
- Average weekly earnings 3-month y/y April +0.7% vs +1.2% exp vs +1.9% prev revised up from from +1.7%
- ave earnings ex bonus +0.9% vs +1.2% exp vs +1.3% prev
Ave earnings data not a good read though which should temper GBP rally and keep the BOE more than concerned. Currently 1.6782/0.8065
UK unemployment table
UK claimant count May
