Details of the January 2016 UK labour market data report 17 February 2016
- Prior -4.3k. Revised to -15.2k
- Dec ILO unemployment rate 5.1% vs 5.0% exp. Prior 5.1%
- Dec average weekly earnings 1.9% vs 1.9% exp 3m y/y. Prior 2.0%
- Ex-bonus 2.0% vs 1.8% exp. Prior 1.9%
Better claims numbers (total 760k is the lowest since 1975) and revision though the unemployment rate stays unchanged. Earnings are mixed. We drop a pip on the main number but see a gain when bonuses are taken out. Dec & Jan are when bonuses have a bigger say in the numbers so we'll have to take Jan's pay numbers to get a better idea of things. Overall a steady report and nothing to really upset the pound.
The Q4 numbers are also out;
- Q4 2015 jobless -60k q/q to 1.690m
- Q4 LFS employment +205k q/q to record 31.417m
UK Dec ILO unemployment rate
