Ahead of tomorrow's UK Labour Market.....>

UK PREVIEW: Ahead of tomorrow's UK Labour Market Report at 0930GMT analysts at

Barclays expect unemployment numbers to remain largely unchanged and the u-rate

to move sideways at 4.3% for the 6th consecutive month. Wages are also expected

to print largely in line with previous, with total pay increasing 2.5% 3m/y and

core AWE increasing 2.3% 3m/y.

- Nomura expect strong jobs growth to continue (+150k q-o-q) and wage growth to

pick up (regular pay 2.6% y-o-y up from 2.3%) as the economy expands at or

modestly above what is believed to be its trend rate.

- RBC note another solid gain in the level of employment looks likely after last

month's surprise +106k 3m/3m change but the unemployment rate is expected to

hold at 4.3%. The growth rate of the average earnings measure, ex-bonuses, is

expected to hold at 2.4% 3m/y.

 - TD Securities look for the BoE's preferred measure, private sector regular

pay, to edge a tenth higher to 2.6% y/y. And we note that the 9 straight months

of m/m ex-bonus wage growth is the longest such string since pre-GFC.