UK payrolled employment fell -67k or -0.2% mom in March. Median monthly pay rose 5.6% yoy, slowed from prior month’s 6.2% yoy. Claimant count rose 10.9k, below expectation of 17.2k.
In the three months to February, unemployment rate rose from 4.0% to 4.2%, above expectation of 4.0%. Average earnings including bonus rose 5.6% yoy, unchanged from prior month’s rate. Average earnings excluding bonus rose 6.0%, down slightly from January’s 6.1% yoy.
