| Source |
Office for National Statistics (latest release) |
|
| Measures |
Percentage of total work force that is unemployed and actively seeking employment during the past 3 months; |
|
| Usual Effect |
Actual < Forecast = Good for currency; |
|
| Frequency |
Released monthly, about 45 days after the month ends; |
|
| Next Release |
Aug 15, 2012 |
|
| Why Traders Care |
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; |
|
| Also Called |
ILO Unemployment Rate, Jobless Rate; |
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