UK December ILO unemployment charge four.four% vs four.5% anticipated

• Prior four.four%
• Employment change 107ok vs 48ok anticipated
• Prior 35ok
• Common weekly earnings +6.zero% vs +5.9% 3m/y anticipated
• Prior +5.6%
• Common weekly earnings ex bonus +5.9% vs +5.9% 3m/y anticipated
• Prior +5.6%
• January payrolls change 21ok
• Prior -47ok; revised to -14ok

ONS continues to place a caveat within the report right here as they’re nonetheless enhancing knowledge accuracy. At this level, it is a function as a substitute of a bug given how lengthy this has been operating. In any case, the December jobless charge is seen holding steadier with payrolls additionally nudging up in January.

However the true standout is wages knowledge, which continues to run sizzling. That’s bumping up actual wages (as seen above) additional and will not be too comforting for the BOE in eager to get inflation down.

This text was written by Justin Low at www.ubaidahsan.com.



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