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Forex - UK Sep claimant count rises by 0.7k, claimant count at 2.3%


 08:40 (GMT) 19 Oct

  [Economic Data]

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UK Sep claimant count rises by 0.7k, claimant count at 2.3% (0100-HGPZ-C01)

The UK Claimant Count rose by 0.7k in September from +7.1k in August (revised from 2.4kk). This compares to market expectations for a 3.2k rise and puts the jobless claims total at 0.776mn (prev: 0.776mn, revised from 0.771mn) - representing a 2.3% proportion of the labour force, unchanged from 2.3% in August (revised from 2.2%).

UK Sep claimant count rises by 0.7k, claimant count at 2.3% (0100-HGPZ-C03)

The ILO/LFS unemployment rate is at the same time unchanged at 4.9% in August. The total number of unemployed in the 3-months to August rose by 10k bringing the total to 1.656mn from 1.646mn previously (prev: -25k).

UK Sep claimant count rises by 0.7k, claimant count at 2.3% (0100-HGPZ-C02)

LFS employment meanwhile rose by 106k in the 3-months to August, totalling 31.811mn (prev: 31.705mn, +111k), which is a 73.6% proportion of the 16-64yr labour force (prev: 74.4%).

UK Sep claimant count rises by 0.7k, claimant count at 2.3% (0100-HGPZ-C04)

Lastly, August wage inflation (average weekly earnings including bonuses) slowed to 2.3% in 3m y/y terms after July's rate was revised higher to 2.4% from 2.3%, and this is which is consistent with market expectations.

UK Sep claimant count rises by 0.7k, claimant count at 2.3% (0100-HGPZ-C05)

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