Seeking Alpha

U.K. unemployment holds steady at 7.8%

  • As expected, U.K. unemployment 7.8% in April-June vs 7.8% in January-March.
  • Average weekly earnings excluding bonus +1.1% vs +1% prior and consensus of +1.1%.
  • The number of unemployed -4,000 to 2.51M.
  • Inactivity rate 22.3%, virtually unchanged.
  • Claimant count -29,200 in July vs -29,400 in June and consensus of -15,000. Claimant count rate 4.3% vs 4.4% in June.
  • ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB (PR)
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