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.
UK regular earnings growth slowed to an annual rate of 4.9% in the three months to September, the lowest rate since the three months to March, even as the labour market continues to sizzle. RTI employment, which measures payroll employment, rose by 160,000 in October, some 235,000 above February of 2020. Meanwhile LFT employment rose by a higher-than-expected 247,000 in the third quarter, the biggest rise since the three months to November of 2015.
Total earnings growth slowed to an annual rate of 5.8% in Q3 from 7.2% in the three months to August. Officials believe that compositional effects are no longer distorting earnings growth, but estimate that that base effects could have elevated earnings growth by between zero and 1.5 percentage points.
UK job vacancies continue to burst through records, hitting an all-time high of 1.3 million in October. Over the three months to October, vacancies increased by 222,000 — or 23.4% — over the three months ending in July.
UK Vacancies
Source: ONS
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.