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

UK DATA
MNI (London)
UK DATA: Labour Report (Nov 2019) Preview - 0930GMT 21/1/20
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- AWE: BBG: 3.1% 3m y/y; Prev (Oct): 3.2% 3m y/y 
- AWE Ex-Bonus: BBG: 3.4% 3m y/y; Prev (Oct): 3.5% 3m y/y 
- ILO UE: BBG: 3.8%; Prev (Oct): 3.8% 
- Employment change: BBG: +109k; Prev (Oct): +24k
- Mkts forecast Nov UE to remain at 3.8% for the third successive month. 
- Oct's employment change rebounded to 24k 3m/3m and markets expect another
uptick to 109k in Nov. 
- Avg. weekly earnings incl. bonuses are anticipated to slow further to 3.1%
after they fell sharply in Oct, hitting a 13-month low. 
- Similarly, earnings excl. bonuses are seen decelerating to 3.4% in Nov.
- Forward-looking survey evidence suggests a glimpse of hope: 
- The KPMG/REC's jobs report showed improved hiring conditions at the end of
2019 with permanent placements rising for the first time in a year. 
- The UK's latest services PMI saw a small increase in staffing levels in Dec.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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