The United Kingdom's data continues to confirm the softening recovery in Europe's second largest economy, as slowing recovery and rising inflation pressures alongside austerity measures weigh negatively on the labor market with the bleak outlook for growth.
U.K. unemployment claims rose by 19.6 thousand in May from a revised previous of 16.9 thousand from 12.4 thousand and much worse than the expected 6.5 thousand. The claimant count rate held steady as expected at 4.6%.
The ILO unemployment rate three-month average through April was also steady as expected at 7.7%.
The annual average weekly earnings in the three months through April also dropped to 1.8% from a revised 2.4% from 2.3% and below the expected 2.1%. Excluding bonuses earnings eased to 2.0% from 2.1% previous and expected.