Details from the October 2015 UK labour market report 11 November 2015
- Prior 4.6k. Revised to 0.5k
- September ILO unemployment rate 5.3% vs 5.4% exp
- Sep Employment change 177k vs 120k exp. Prior 140k
- Sep average weekly earnings 3.0% vs 3.2% exp 3m y/y. Prior 3.0%
- Ex-bonus 2.5% vs 2.7% exp 3m y/y. Prior 2.8%
Wages hit a slight miss but are still looking strong. On the face of it the pound shouldn't be too worried about these numbers but the sellers might want to take advantage of any minor weakness in the data. We've dropped to 1.51320
Employment hits the highest on record at 73.7%. Private sector pay rose 3.4% vs 3.5% in Aug. Public sector pay rose 1.2% vs 1.1% prior. As above there's nothing really here to slam the quid
Word up for next month. With the new living wages coming into effect in October we could see some volatility in the wage numbers. One to bear in mind
UK wages 3m y/y
