Apr Labour Report Preview - 0700BST.........>

UK DATA: Apr Labour Report Preview - 0700BST

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- ILO UE: BBG: 4.6%; Prev (Mar): 3.9% 

- Employment Change: -130k; Prev (Mar): +210k 

- AWE: BBG: 1.3% 3m y/y; Prev (Mar): 2.4% 3m y/y 

- AWE Ex-Bonus: BBG: 1.7% 3m y/y; Prev (Mar): 2.7% 3m y/y 

- The UK's jobless rate is forecast to tick up in Apr to 4.6% from 3.9% in Mar. 

- Employment is forecast to fall by 130k in Apr after recording a series high. 

- Mar's report already showed some signs of weakness: 

- Hours worked fell sharply and the number of people claiming unemployment

related benefits surged by 856k in Apr, shifting the claimant count rate up to

5.8%, its highest level since 1997. 

- The last release also showed a sharp decline in vacancies and according to tax

data the number of employees on company's payrolls fell noticeable in Apr. 

- Additionally, wage growth had already slowed in Mar and total earnings are

expected to slow further to 1.3% which would be the lowest level since Sep 2014.