Better than median forecast of -20,000.
Claimant count rate 4.6%, better than median forecast of 4.7% and lowest rate since April 2009.
ILO jobless +23,000 in 3 months to April, rate 7.9%, better than median forecast of 8.0%.
Cable has seen moderate rally in wake of data, presently up at 1.4780 from around 1.4755 just prior to the release.
Wish I could sit here and say I saw the unemployment situation in the UK continuing to improve throughout the rest of the year, but I can’t. I feel dark days are coming as the new government slashes spending and public sector jobs fall by the wayside in very large numbers. We’ll know more come June 22.