A preview for the UK employment numbers, claimant count, weekly earnings …. all due at 0830GMT
So still some time for a nce cuppa before hand
Preview via Daiwa (in brief):
- headline three-month unemployment rate has been unchanged at 4.2% for four consecutive months
- … likelihood of a decrease to 4.1% is significant
- This is despite the strong probability that headline three-month employment growth will slow - while this rate was in triple-digit territory in four of the first five months this year, we think that a sub-100k reading, down from 137k in May, is on the cards.
- Finally, there should be very little action with regard to the latest pay growth figures. If we see any changes from the pace of 2.5%3M/Y (2.7%3M/Y excluding bonuses) in May, expect them to be to the downside
