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MNI UK Labour Market Insight - November 2024 Release

Wage data came in marginally stronger than expected, quantities data a bit weaker, but shouldn't have much monpol impact
CEEMEAUKGlobalStoryEmployment InsightRegionMarkets
MNI (LONDON)
  • Wage data came in very marginally stronger than expected, quantities data a bit weaker, but overall this shouldn't really change any MPC member’s voting intentions so there was very little market reaction to the release.
  • We look at the underlying drivers of private AWE data.
  • We also look at devleopments across other major employment indicators such as the unemlpoyment rate, vacancies, V-U ratio and the claimant count.

For the full document see: MNI UK Labour Insight - November 2024 Release.pdf

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MNI (LONDON)
  • Wage data came in very marginally stronger than expected, quantities data a bit weaker, but overall this shouldn't really change any MPC member’s voting intentions so there was very little market reaction to the release.
  • We look at the underlying drivers of private AWE data.
  • We also look at devleopments across other major employment indicators such as the unemlpoyment rate, vacancies, V-U ratio and the claimant count.

For the full document see: MNI UK Labour Insight - November 2024 Release.pdf