UK unemployment rate beats with 3.9% in June, claims disappoint with +94.4 in July, GBP/USD shakes

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.


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