- Prior 5.1%
- Employment change 82k vs 30k anticipated
- Prior -16k
- Common weekly earnings +4.7% vs +4.6% 3m/y anticipated
- Prior +4.7%; revised to +4.8%
- Common weekly earnings ex bonus +4.5% vs +4.5% 3m/y anticipated
- Prior +4.6%
- December payrolls change -43k
- Prior -38k; revised to -33k
As a basic reminder, the UK labour market report remains to be one tormented by information high quality points. And that appears set to proceed additional as outlined right here final week: UK statistics workplace evaluates potential delay to its overhauled jobs survey – report
The jobless fee holds regular at simply above 5% in November however payrolls in December continues to fall additional. And the latter underscores the continued softening in UK labour market situations alongside the gradual climb within the unemployment fee final yr.
Wages information proceed to carry up considerably, solely reflecting a marginal drop from October. And with shopper costs nonetheless holding extra cussed, it is retaining the BOE on edge in attempting to determine what to do subsequent on the coverage entrance.
