FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI UK Labour Market Preview: September 2024 Release

  • Overall we see downside risks to the median expectation of private regular AWE data (4.9%Y/Y in the 3-months to July) but given the large uncertainty over the public sector wage growth don’t have a strong view surrounding the 5.1%Y/Y in the 3-months to July that consensus looks for in total regular wage growth.
  • There is also huge uncertainty here due to the continued questions surrounding the reliability of LFS data. This will be watched closely but most analysts have marked down their estimates for this month so the median expectation is for 4.1%.
  • Finally, the claimant count increased again in last month’s release but the ONS noted that this was largely due to an administrative change that impacted the earnings threshold.

MNI (LONDON) - We look at all of these factors in more detail in the full document here: UK_Labour_Preview_2024_09_Release.pdf

GlobalHomepageCEEMEAUKMarketsStoryRegionEmployment Insight
GlobalHomepageCEEMEAUKMarketsStoryRegionEmployment Insight

To read the full story

Close

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.