UK Unemployment Rate (Jan) 5.2% vs. Exp. 5.3% (Prev. 5.2%, Low. 5.2%, High. 5.3%)

Newsquawk StaffPublished 19 Mar 2026, 07:20 UTC

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UK Unemployment Rate (Jan) 5.2% vs. Exp. 5.3% (Prev. 5.2%, Low. 5.2%, High. 5.3%)

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ONS

"Labour market conditions were little changed at the start of the year"
"Regular wage growth is at its lowest rate in more than five years, with pay growth in both the private and public sectors continuing to ease"

Context

The UK unemployment rate for January came in at 5.2%, slightly beating expectations of 5.3%, but confirming the previous month's rate. This suggests stability in the labor market, although the commentary on falling wage growth may indicate underlying softness. Importantly, this data could influence the BoE's policy stance, particularly in relation to inflation and interest rates, as it reflects trends in employment and earnings.

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