- September unemployment numbers less than expected
- August jobless rate higher than forecast.
- GBP/USD holding above the big psychological number 1.3000.
The unemployment rate increased to 4.5 Percent in August, while the markets were expecting the jobless rate to stay at the same 4.3 Percent as in the previous month reading.
On a positive note, the jobless claims in September rose by 28k compared to an expectation of +78.8K from +73.7K earlier. The claimant count was at 7.6 Percent against 7.5 Percent earlier.
The average weekly earnings, exempting bonuses, were at +0.8 Percent in August compared to +0.2 Percent last and +0.6 Percent expected. Including bonus, the same figures were at 0.0 Percent, -1.0 Percent and -0.5 Percent respectively.
The Office for National Statistics released the data today.
At 8:00 AM UTC, the GBP/USD exchange rate was seen down -0.31% at 1.3022.
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