UK unemployment rate beats with 3.9% in June, claims disappoint with +94.4 in July, GBP/USD shakes
- 11th August 2020
- Posted by: Hakeem
- Category: Business plans, Commodities, Companies
The UK has reported mixed labor figures. The unemployment rate remained depressed at 3.9% in June, a result of the government’s furlough schemes. Wages dropped by 1.2% when including bonuses and -0.2% when excluding them.
The Claimant Count Change for July disappointed by leaping by 94,400, far worse than 10,000 projected. That is a concerning sign moving forward.
GBP/USD dipped just ahead of the publication yet quickly stabilized, trading just below 1.31. See a live GBP/USD chart.