- Prior -34.6k
- Feb ILO unemployment rate 6.9% vs 7.1% exp. Prior 7.2%. Revised to 7.1%
- Feb Average weekly earnings 1.7% vs 1.8% exp (3 month avg y/y). Prior 1.4%.
- Average earnings ex bonus 1.4% vs 1.7% exp. Prior 1.3%. Revised to 1.2%
Pretty much bang on expectations on the claimant count but a sizable drop in the unemployment rate to a 5 year low and below the BOE forward guidance threshold. Wages are picking up but they’re not running away.
Cable popped to 1.6815 from 1.6773
