Shutterstock photo
Markets

U.K. jobless claims fall by 1,500 in February

Shutterstock photo

Shutterstock photo

Investing.com - The number of people claiming unemployment benefits in the U.K. declined less-than-expected in February, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the claimant count fell by a seasonally adjusted 1,500 in February, compared to expectations for a decline of 5,000 people.

The previous month's figure was revised to a drop of 10,000 people from a previously reported decrease of 12,500.

The rate of unemployment held steady at 7.8% last month, in line with expectations and unchanged from January.

The report also said that the average earnings index rose by a seasonally adjusted 1.2% in February, below expectations for a 1.5% increase, after rising by 1.3% in the previous month.

Following the release of the data, the pound trimmed losses against the U.S. dollar, with GBP/USD shedding 0.15% to trade at 1.5075.

Meanwhile, European stock markets remained higher. London's FTSE 100 eased up 0.35%, the EURO STOXX 50 added 0.6%, France's CAC 40 rose 0.6%, while Germany's DAX gained 0.5%.

Investing.com - Investing.com offers an extensive set of professional tools for the Forex, Commodities, Futures and the Stock Market including real-time data streaming, a comprehensive economic calendar, as well as financial news and technical & fundamental analysis by in-house experts.

Read more News on Investing.com or Follow us on Twitter at @ Newsinvesting

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx