UK November ILO unemployment rate 4.4% vs 4.4% expected
globalreutersJanuary 21, 20251 Mins read - Prior 4.3%
- Employment change 35k vs 33k expected
- Prior 173k
- Average weekly earnings +5.6% vs +5.6% 3m/y expected
- Prior +5.2%
- Average weekly earnings ex bonus +5.6% vs +5.5% 3m/y expected
- Prior +5.2%
- December payrolls change -47k
- Prior -35k; revised to -32k
The payrolls change continues to point to further softness in the labour market but wages continue to run hot. The latter will remain an issue for the BOE and continues to rise in real terms as well (as seen below). The jobless rate is seen ticking a little higher but again, ONS still has to sort of their data quality issues. The stats office notes that “we continue to advise caution, particularly when interpreting short-term change in the LFS”.
This article was written by Justin Low at www.forexlive.com.
Related Articles
AUDUSD falls as risk-off sentiment and technical sellers push the pair lower
The AUDUSD moved higher yesterday as the USD weakened, bringing the pair...
Pain in the stock market: 8 things are adding up to an ugly selloff
US stock markets are under some heavy pressure today with the S&P...
Fed’s Goolsbee: Steel tariffs will raise production costs in region
Fed's Goolsbee is lurking around saying that:Steel tariffs will raise production costs...
USDJPY falls below the 50% midpoint
The USDJPY has moved below the 50% midpoint of the move up...
Leave a comment