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UK Unemployment Rate stable at 4.8%

Wednesday, Dec 14 2016
UK Unemployment Rate stable at 4.8%

Between May to July 2016 and August to October 2016, the number of people in work was little changed, the number of unemployed people decreased, and the number of people not working and not seeking or available to work (economically inactive) increased. There were 31.76 million people in work, little changed compared with May to July 2016 but 342,000 more than for a year earlier.

For November 2016 there were 809,000 people claiming unemployment related benefits. This was 2,400 more compared with October 2016 and 23,500 more than for a year earlier. The unemployment rate was 4.8%, down from 5.2% for a year earlier. It has not been lower since July to September 2005. The unemployment rate is the proportion of the labour force (those in work plus those unemployed) that were unemployed.

 

Sterling is currently being traded around 1.2680 level. Pair is likely to find support around 1.26 handle and resistance above 1.2750 area.

More in this category: « German ZEW Economic Sentiment unchanged in December Eurozone Industrial Production fell by 0.2% »

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