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Labour Report (Aug 2019) Preview -..........>

MNI (London)
UK DATA: Labour Report (Aug 2019) Preview - 0930BST 15/10/19
- AWE: BBG: 4.0% 3m y/y; Prev (Jul): 4.0% 3m y/y 
- AWE Ex-Bonus: BBG: 3.7% 3m y/y; Prev (Jul): 3.8% 3m y/y 
- ILO UE: BBG: 3.8%; Prev (Jul): 3.8% 
- Employment change: BBG: +26k; Prev (Jul): +31k 
- Markets look for the unemployment rate to remain at July's level of 3.8%, the
lowest since Oct-Dec 1974. 
- While the July employment rate registered at 76.1% for the second time in a
row, vacancies posted the seventh consecutive fall in Jun-Aug (-23k to 812k) 
- Average weekly earnings incl. bonuses are forecast to remain at 4.0% while
earnings ex. Bonuses are projected to edge lower. 
- The KPMG/REC UK Jobs report states that companies are scaling back their
hiring intentions due to increased political and economic uncertainty. 
- The PMI reports note a weakening in the service sector labour market as well
as further declines in employment in the manufacturing sector.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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