In February, UK payrolled employment rose 98k or 0.3% mom. Comparing to the same month a year ago, payrolled employment rose 1040k or 3.6% yoy. Median monthly pay rose 6.7% yoy. Claimant count dropped -11.2k versus expectation of -12.4k.
In the three month to January, unemployment rate was unchanged at 3.7%, better than expectation of a rise to 3.8%. Average earnings excluding bonus rose 6.5%, below expectation of 6.6%. Average earnings including bonus rose 5.7%, matched expectations.
