UK jobless rate climbs to 5.0% in Nov vs. 5.1% expected, GBP/USD unfazed

• UK Dec jobless claims changed +7K vs +35K expected.
• The UK wages excluding bonuses rose by 3.6% YoY vs. 3.2% expected.
• The unemployment rate in the UK rose to 5.0% in November.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate rose to 5.0% in November vs. the previous 4.9% and 5.1% expected, while the claimant count change showed a smaller-than-expected increase last month.

The number of people claiming jobless benefits rose by 7K in December, against expectations +35K and 38.1K seen previously. The claimant count rate came in at 7.4% vs. 7.4% last.

more to come ....