The UK unemployment rate remained unchanged for the 3 months to December 2022, in line with expectations. Get your market update from zvawda here:
The UK unemployment rate remained unchanged for the 3 months to December 2022, in line with expectations. The number of people unemployed for up to six months increased, driven by people aged 16 to 24 years. The number of people in work in the UK rose by 74K in the three months to December, well-above market forecasts of a 40K increase and following a 27K rise in the previous month.
The wages in the United Kingdom increased 5.9% in December of 2022 over the same month in the previous year beating estimates and down from the previous print of 6.4%. The worry however will be in the rise of average earnings excluding bonuses which increased to 6.7% beating forecast of 6.5%. Figures compare with market forecasts of a 6.2% and 6.5% rise, respectively. In real terms , growth in total and regular pay fell on the year in October to December 2022, by 3.1% for total pay and by 2.
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