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Employment At Record High Even As Rises.....>

UK DATA
UK DATA: Employment At Record High Even As Unemployment Rises
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- NOV-JAN LFS JOBLESS RATE 3.9% VS 3.8% OCT-DEC
- NOV-JAN AVG TOTAL EARNINGS +3.1% VS +2.9% PRIOR
- NOV-JAN AVG EARNINGS EX-BONUS +3.1% VS +3.2% PRIOR
- NOV-JAN REAL EARNINGS EX-BONUS +1.5%, vs +1.7% PREV
- NOV-JAN LFS JOBS +184,000 TO RECORD HIGH 32.985MN
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The UK's jobless rate ticked up by 0.1pp to 3.9%, in constrast to 
markets looking for a stable reading. The overall employment rate 
steadied at a record high of 76.5% in Jan, with female employment 
leading the way, reaching a record of 47.5% of the work force. Among the 
entire UK workforce, a record amount of 15.3% are self-employed. Total 
wage growth edged higher in Jan, rising to 3.1% and beating market 
forecasts (BBG: 3.0%). AWE excl. bonuses fell to 3.1%, its lowest level 
since Jul 2018. Meanwhile, vacancies rose in Dec-Feb following recent 
falls, showing a 6-month high. 

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