August 2018 UK labour market report data 11 September 2018
- Prior 6.2k
- July ILO unemployment rate4.0 % vs 4.0% exp. Prior 4.0%
- Employment change 3k vs 28k exp. Prior 42k
- Average weekly earnings 2.6% vs 2.4% exp 3m y/y. Prior 2.4%
- Ex-bonus 2.9% vs 2.8% exp 3m y/y. Prior 2.7%
Notes
– Real total pay rose 0.1% annually, ex-bonus by 0.4% (CPI measure)
– Earnings have grown faster than prices for several months – ONS
– Inactivity rate (0.3%) largest since 3M-to-Jul 14; larger in 3M-to-Jan 92 (0.4%)
– Vacancies were up 14K on quarter to 833K; record high
– Only small impact from NHS nurses pay rise on wage data
Strong wages data will be welcome by the BOE and that’s helped lift cable back to the highs around 1.3080.
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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