UK Unemployment Rate (Mar) 5% vs. Exp. 4.9% (Prev. 4.9%, Low. 4.7%, High. 5.1%)

ONS Comments: Latest figures suggest the labour market remains soft, with vacancies at their lowest level in five years and unemployment higher than a year ago. The number of payroll employees continued to fall in the three months to March, while regular wage growth slowed further. Early estimates of the number of people on payroll in April point to further weakness. However, at the start of the new tax year, these figures carry greater uncertainty and have often seen larger than average upward revisions.