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December Employment At Record High; Wage....>

UK DATA
UK DATA: December Employment At Record High; Wage Growth Slowed
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- OCT-DEC LFS JOBLESS RATE 3.8% VS 3.8% SEP-NOV
- OCT-DEC AVG TOTAL EARNINGS 2.9% VS +3.2% PRIOR
- OCT-DEC AVG EARNINGS EX-BONUS 3.2% VS +3.4% NOV 
- OCT-DEC REAL EARNINGS EX-BONUS +1.8% vs +1.8% PREV
- OCT-DEC LFS JOBS +180,000 TO RECORD HIGH 32.934MN
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The UK jobless rate was unchanged at 3.8% in Dec, in line with market 
expectations. The overall and female employment rates both rose to 
record highs of 76.5% and 72.4%, respectively. Also self employment 
reached a record high, ticking up to 15.3% of overall employment. 
Part-time work saw a downtick in Dec, driven by men. Total wage growth 
slowed to 2.9%, falling short of market projections of a downtick to 
3.0%. AWE excl. bonuses fell to 3.2%, its lowest since Aug 2018. 
Productivity nudged higher in Q4, up 0.3% on both Q/Q and Y/Y readings.

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