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UK DATA
MNI (London)
UK DATA: : Preview - Employment / Earnings Jan - 09:30 GMT
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- Markets expect the Jan UK Labour Market report to ease slightly from the
strong Dec readings 
- EMPLOYMENT CHANGE 3M/3M (Jan): Bloomberg consensus 120k; MNI Median 120k; Vs
Dec 167k 
- Employment has consistently surprised positively since mid-2018 
- AVERAGE WEEKLY EARNING 3M/Y/Y (Jan): Bloomberg 3.2%; MNI Median 3.2%; Vs Dec
3.4% 
- Survey evidence points to continued strong earnings growth at the start of the
year... 
- ... although the Dec Earnings data delivered the first negative surprise since
mid-2018 
- AVERAGE EARNINGS Ex Bonus 3M/Y/Y (Jan): Bloomberg Consensus 3.4%; MNI Median
3.4%; Vs Dec 3.4%
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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