Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The UK labour Market continued to slow in the three months to March, pushing the new Labour Force Survey unemployment rate up to 4.3% from 4.2% previously. Overall payroll numbers fell by 85,000 to 30.2 million in the three months to April, the Office for National Statistics said. (see MNI INTERVIEW: Better ONS Data Suggest Easing UK Labour Market)
“We continue to see tentative signs that the jobs market is cooling, with both employment from our household survey and the number of workers on payroll showing falls in the latest periods,"ONS director of economic statistics Liz McKeown said Tuesday, noting also that the number of job vacancies declined for a twenty-second consecutive month.
However, wage growth continues to sit at an elevated level, with pay deals unchanged or at a slightly higher level than in the preceeding period, which will be of some concern to policymakers at the Bank of England. Total wage growth was 5.7% in the year to March, up from 5.6% last month. (see MNI INTERVIEW: UK Pay Deals Slow To Around 5% In H1-Brightmine)
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.