Details from the October 2016 UK claimant count and labour market data report 16 November 2016

  • Prior 0.7k. Revised to 5.6k

  • Sep ILO unemployment rate 4.8% vs 4.9% exp. Prior 4.9%
  • Average weekly earnings 2.3% vs 2.4% exp 3m y/y. Prior 2.3%
  • Ex-bonus 2.4% vs 2.4% exp. Prior 2.3%

  • Q3 productivity 0.2% vs 0.6% prior

Good news on unemployment dropping to the lowest since Q3 2005. The claimant count was the highest since May but it's relatively small anyway.

Wages tick down before bonuses but are still running along nicely. Overall, nothing to get overly excited or disappointed about.

UK unemployment rate