UK January payrolls change 102k vs 28k prior

• Prior 28k; revised to 47k
• December ILO unemployment rate 3.7% vs 3.7% expected
• Prior 3.7%
• December employment change 74k vs 40k expected
• Prior 27k
• December average weekly earnings +5.9% vs +6.2% 3m/y expected
• Prior +6.4%; revised to +6.5%
• December average weekly earnings (ex bonus) +6.7% vs +6.5% 3m/y expected
• Prior +6.4%; revised to +6.5%

The number of payrolled employees in the UK continues to rise, this time by 0.3% or a rise of 102,000 persons compared to December last year. The jobless rate also continues to keep steady, holding 0.2% below pre-pandemic levels. But real earnings continue to be a bit of a problem though, with total pay seen down 3.1% in terms of annual growth/decline.

/GBP GBP The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth The Great British pound (GBP) or pound sterling is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, Gibraltar, South Georgia, and other pacific territories.The GBP is currently the fourth most-traded currency worldwide in forex markets after the US dollar, euro, and Japanese yen.As the oldest currency in continual use, the GBP holds great weight on the world market and is also the fourth largest reserve currency.The Bank of England (BoE) is the central banking auth Read this Term