UK: Claimant Count Change decline slows down in February

FXstreet.com (Barcelona) - The number of unemployment people in the UK fell by 1.5K in the three months to February, following a 10K drop registered in the three months to January, National Statistics reported on Wednesday. This result is more positive than the expected 5K decrease. The Claimant Count Rate remained at 4.7%,for the second running month, as projected.

The ILO Unemployment Rate remained at 7.8% in February, according to market consensus. Average Earnings excluding Bonus rose 1.2% in the three months to January, following a +1.3% reading in the three months to December and below expectations of growing 1.5%. Average Earnings including Bonus increased 1.2%, in comparison with 1.3% growth and below projections of +1.5%.