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November 2016 UK claimant count 2.4k vs 5.5k exp

Details from the November 2016 UK labour market data report 14 December 2016

  • Prior 9.8k

  • Oct ILO unemployment rate 4.8% vs 4.8% exp. Prior 4.8%
  • Average weekly earnings 2.5% vs 2.3% exp 3m y/y. Prior 2.3%. Revised to 2.4%
  • Ex-bonus 2.6% vs 2.5% exp 3m y/y. Prior 2.4%

A half decent report with wages up and last month revised higher too.

The only downside was the 3m/3m employment change which saw a loss of 6k vs 50k exp & 49k prior. I'll check but that's the first loss for quite some time. Yes, June 2015 was the last time we saw a negative number. Vacancies dropped to 748k vs 755k prior

On the wages front, private sector wages grew by 2.8% vs 2.6% prior, the public sector matched last month's 1.4%.

The pound has turned around the pre-release drop to 1.2648 and trades at 1.2661.

UK wages ex-bonus y/y

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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