UK: Claimant Count Change falls further in April

FXstreet.com (Barcelona) - The number of unemployment people in the UK dropped by 7.3K in the three months to April, following a 9.9K drop registered in the three months to March, National Statistics reported on Wednesday. This result is more positive than the expected 3K fall. The Claimant Count Rate was at 4.5%, following a 4.6% reading and lower than forecasts of remaining unchanged.

The ILO Unemployment Rate slid to 7.8% in March, against expectations of remaining flat. Average Earnings excluding Bonus rose 0.8% in the three months to March, following a 1% reading in the three months to February, according to forecasts. Average Earnings including Bonus increased 0.4%, in comparison with 1% growth, and below the projected 0.7% rise.