UK ILO Unemployment Rate steadies at 3.7% in January vs. 3.8% expected

• The Unemployment Rate in the UK held steady at 3.7% in January.
• UK Claimant Count Change came in at -11.2K in February.
• The UK wages excluding bonuses eased to 6.5% YoY in January vs. 6.6% expected.

The latest data released by the Office for National Statistics (ONS) showed on Tuesday that the United Kingdom’s (UK) ILO Unemployment Rate came in at 3.7% in January vs. the 3.8% expected while the claimant count change showed a smaller-than-expected decline in the reported month.

The number of people claiming jobless benefits fell by 11.2K in February when compared to -12.4K expected and -30.3K booked previously.