UK: Claimant Count Change falls by 8.6K in May

FXstreet.com (Barcelona) - The number of unemployment people in the UK fell by 8.6K in the three months to May, following a 11.8K drop registered in the three months to April, National Statistics reported on Wednesday. This result is more positive than the expected 5K decrease. The Claimant Count Rate was unchanged at 4.5%.

The ILO Unemployment Rate remained at 7.8% in May, according to market consensus. Average Earnings excluding Bonus rose 0.9% in the three months to May, following a +0.8% reading in the three months to April and above expectations of rising 0.7%. Average Earnings including Bonus increased 1.3%, in comparison with 0.6% growth, above forecasts f +0.3%.