{"id":428693,"date":"2026-03-19T14:25:10","date_gmt":"2026-03-19T07:25:10","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/uk-january-ilo-unemployment-rate-5-2-vs-5-3-expected\/"},"modified":"2026-03-19T14:25:10","modified_gmt":"2026-03-19T07:25:10","slug":"uk-january-ilo-unemployment-rate-5-2-vs-5-3-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/uk-january-ilo-unemployment-rate-5-2-vs-5-3-expected-428693\/","title":{"rendered":"UK January ILO unemployment rate 5.2% vs 5.3% expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 5.2%<\/li>\n<li>Employment change 84k vs -4k expected<\/li>\n<li>Prior 52k<\/li>\n<li>Average weekly earnings +3.9% vs +3.9% 3m\/y expected<\/li>\n<li>Prior +4.2%<\/li>\n<li>Average weekly earnings (ex bonus) +3.8% vs +4.0% 3m\/y expected<\/li>\n<li>Prior +4.2%; revised to +4.1%<\/li>\n<li>February payrolls change 20k<\/li>\n<li>Prior -11k; revised to 6k<\/li>\n<\/ul>\n<p class=\"text-align-justify\">There are quite a few positives to note, one that the BOE can be a little happier with at the balance. For one, the jobless rate is seen keeping steady in January and payrolls in February recorded a positive estimate (alongside a positive revision for January too). Besides that, wage pressures are also seen moderating further with real earnings ex bonus now dropping to +0.5% &#8211; matching the three months from April to June last year (which was the softest in two years).<\/p>\n<p class=\"text-align-justify\">All that being said, this would&#8217;ve been a decent report for the BOE to work with in teeing off another rate cut. That had it not been for the US-Iran conflict and now having to consider higher oil prices and a more stubborn inflation outlook.<\/p>\n<p class=\"text-align-justify\">As such, the report here is very much dated as market players and policymakers will need a better snapshot. And that means one that includes capturing the impact of the latest developments on price pressures.<\/p>\n<p class=\"text-align-justify\">Besides that, ONS continues to warn of data quality issues with the report again. But hey, what else is new.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 5.2% Employment change 84k vs -4k expected Prior 52k Average weekly earnings +3.9% vs +3.9% 3m\/y expected Prior +4.2% Average weekly earnings (ex bonus) +3.8% vs +4.0% 3m\/y expected Prior +4.2%;&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-428693","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=428693"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/428693\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=428693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=428693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=428693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}