March 2018 UK labour market report 17 April 2018
- Prior 9.2k
- March ILO unemployment rate 4.2% vs 4.3% exp. PRior 4.3%
- Average earning s2.8% vs 3.0% exp 3m y/y. Prior 2.8%
- Ex-bonus 2.8% vs 2.8% exp 3m y/y. Prior 2.6%
- Employment change 55k vs 33k exp. Prior 168k
A soft to neutral report in my eyes. Higher claimant count but lower unemployment rate. Wages on par and confirm a gain in the ex-bonus numbers. Employment change better than expected. GBPUSD is slightly off to 1.4346 from 1.4360.
ONS notes;
- Total and regular wage growth stays negative; when measured against 3M avg CPI
- Total and regular wage growth turns positive; when measured against 3M avg CPIH
- Bonus payments were lower than a year-ago; affecting the softness in total pay
- Inactivity rate was unchanged on the quarter at 21.2%; joint record low
- Vacancies unchanged on quarter at 815K
- Full-time employment rose 25K 3M to Jan 2018 vs 3M to Nov 2017
- Part-time employment rose by 29K 3M to Jan 2018 vs 3M to Nov 2017
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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