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 employment declined by 38,000 in the fourth quarter, according to the LFS survey, the first fall since the three months to February 2021, the Office for National Statistics said Tuesday. The decline accompanied a sharp fall in real earnings, with inflation-adjusted total earnings declining by an annual rate of 0.1%, while real regular earnings slumped by 0.8%, the first declines since the third quarter of 2020.
Nominal earnings actually rose in the fourth quarter, defying analysts’ expectations of a decline. Total earnings rose to an annual rate of 4.3%, while ex-bonus wages slipped to 3.7% from 3.8% previously.
Payroll employment rose by 108,000 in January to stand 436,000 above pre-pandemic levels. The December outturn was revised downward to an increase of 130,000 from the originally-reported 184,000 increase. The employment rate steadied at 75.5%, matching the level recorded in the three months to November, while the unemployment rate was unchanged at 4.1%. The fall in LFS employment was largely due to a drop in employment amongst the over-65’s, according to an ONS official.
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.