FXStreet (London) - UK unemployment fell to 6.5 percent in May, according to ILO measures from the UK Office for National Statistics.



According to the ONS, the number of people in employment increased by 254k (to reach 30.64m) in the quarter to May while, the number of unemployed people fell by 121k (to reach 2.12m) and the number of people not in the labour force (economically inactive) aged from 16 to 64 fell by 67k (to reach 8.78m).



Pay including bonuses for employees in Great Britain for March to May 2014 was 0.3 percent higher year-on-year, with pay excluding bonuses 0.7 percent higher.



GBP/USD fell slightly on the results, which fell in line with consensus expectations and follow a long run of UK unemployment declines. GBP/USD is currently trading at 1.7136, down 0.03 percent on sideways trading.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    http://www.fxstreet.com/news/forex-news/article.aspx?storyid=acd7c8ca-3e81-40bd-96af-642bef ...

  2. Forex News

    GBP/USD back above 1.57, awaits UK Q1 GDP

  3. Forex News

    Pound May Fall on UK GDP, Euro Engulfed in Greece Crisis Fallout

  4. Forex News

    GBP/USD forecast: Likely to dip towards 1.5667 – FXStreet

  5. Forex News

    GBP/USD to Eye June High on Stronger U.K. 1Q GDP

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!