U.K. unemployment at 5-year low

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"These figures - rising employment and falling unemployment and inactivity - continue the strong trend in the labour market that has been seen in recent months. Self-employment has again been a prominent growth area."
- Joe Grice, chief economic adviser at the ONS


It finally happened. The unemployment rate moved below the Bank of England earlier implemented threshold, while wage growth met inflation. The Sterling was boosted by the upbeat data from the U.K. labour market on Wednesday, with the cable soaring 0.50% to 1.6814, moving above the daily R2 and a strong psychological level of 1.68. Moreover, taking into consideration ‘buy' signals from technical indicators, pending orders that are placed to buy the pair and strong fundamentals from the U.K, the pair is projected to continue moving higher.

A highly-anticipated report from the ONS showed the jobless rate measures by the International Labour Organization methods plunged to 6.9% in the first quarter from 7.2% three months earlier, moving below 7% for the first time since April 2009. The number of people claiming for jobless benefits hit the lowest since November 2008, while the claimant count rate fell for the 17th straight month. Employment in the U.K. now stands at a record 30.389 million, bolstered by the number of people who are self-employed. The improvement was expected, while what is more important is the 1.7% increase in the total pay growth. The last time the indicators was higher was in June 2013. Regular pay soared 1.4%. Luckily for the BoE, the inflation continued falling in March, and a steady rise in wages will help to eliminate the remaining slack sooner than expected.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.