December 2018 UK labour market report 24 January 2018
- Prior 5.9k
- November 2017 ILO unemployment rate 4.3% vs 4.35 exp/prior
- Average weekly earnings 2.5% vs 2.5% exp. Prior 2.5%
- Ex-bonus 2.4% vs 2.3% exp. Prior 2.3%
- 3m/3m employment change 102k vs -12k exp. Prior -56k
So-so numbers. Another jump in claims but wages hold up well. It’s been enough to see cable break 1.41 but let’s see if we can push on. That’s a big big jump in the 3m employment though.
Notes;
- Total annual real wage growth rate remains negative at -0.2%
- Regular annual real wage growth rate stays negative at -0.5%
- Economic inactivity lowest since the winter of 2000-1, falling 79K q/q
- Vacancies rose 17K q/q to 810K a record high
- Unemployment level fell 3K q/q to 1.44M
- Claimant count ticks up for first time since Feb 2015
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