UK ILO Unemployment Rate rises to 3.8% in February vs. 3.7% expected

• The British Unemployment Rate unexpectedly rises to 3.8% in February.
• UK Claimant Count Change came in at 28.2K in March.
• The UK wages excluding bonuses advances to 6.6% YoY in February vs. 6.2% expected.

more to come...

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).