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 unemployment rate unexpectedly in the three months to November, slipping to 4.1% from the forecast 4.2%, the Office for National Statistics said Tuesday. That comes as employment rose by 60,000 according to the LFS series. Salaried employment rose by a record-high 184,000 according to RTI data, following a downwardly-revised rise of 162,000 in November (originally reported as +257,000).
However, wage growth continued to slow in line with expectations. Average hourly earnings rose by an annual rate of 4.2% in the three months to November, down from 4.9% in the three months to October, while regular earnings growth slowed to an annual rate of 3.8%, below the 4.3% recording in the previous period.
Adjusted for inflation, real earnings slowed dramatically. Excluding bonuses, real regular earnings were unchanged in the three months to November, the slowest growth since July 2020 and last lower in Feb 2017.
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.