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UK Unemployment Shocks to the Downside

posted by Avatar fx360 1190 days ago in Employment made popular 1190 days ago

UK unemployment data showed surprising deterioration as claimant count rose to 23.5K rather than contracting by -14.6K as markets forecast. The unemployment rate remained steady at 7.8% but average earnings rose only 0.8% versus 1.2% expected – a record low pace for a third straight month.
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