UK Unemployment Rate unchanged at 5.1%

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Wednesday, Apr 20 2016

For March 2016 there were 732,100 people claiming unemployment related benefits. This consisted of: 604,600 people claiming Jobseeker’s Allowance 127,500 people who were out of work and claiming Universal Credit. For March 2016 there were 732,100 people claiming unemployment related benefits. This was: 6,700 more than for February 2016 (the first increase since August 2015) and 71,500 fewer than for a year earlier. Analysts were expecting decrease by 11,600 compared with February.

The unemployment rate for those aged 16 and over for the 3 months to February 2016 was 5.1%, in line with market expectations. This was: little changed compared with September to November 2015, but down from a year earlier (5.6%) and slightly lower than the pre-downturn trough of 5.2% for late 2007 to early 2008. The last time the unemployment rate was lower than 5.1% was for August to October 2005.

Sterling is currently being traded few points above 1.44 level. Pair is likely to find support around 1.4350 handle and resistance above 1.45 level. Later today, in the US session, Existing Home Sales figures are scheduled for a release.

More in this category: « German PPI rose by 0.2% Existing Home Sales at an annual rate of 5.33 million »

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