Details from the December 2016 UK labour market data report 18 January 2017
– Nov ILO unemployment rate 4.8% vs 4.8% exp. Prior 4.8%
– Average weekly earnings 2.8% vs 2.6% exp 3m y/y. Prior 2.5%. Revised to 2.6%
A very good report and the pound isn’t doing very much at all. The wages are good, the claimant count drop is good but once again we’ve seen 3m/3m employment drop. Last month it dropped by 6k and this month it dropped by 9k, though was expected to drop by 35k.