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Preview - UK Labour Market Seen to Remain...>

UK DATA
UK DATA: Preview - UK Labour Market Seen to Remain Tight in Feb
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- UK Feb Average Weekly Earnings 3M Y/Y, Bbg cons 3.5%, MNI Median 3.5%, vs Jan
3.4%.
- UK Feb Average Weekly Earnings Excl Bonus 3M Y/Y, Bbg cons 3.4%, MNI Median
3.4%, vs Jan 3.4%.
- UK Feb Unemployment Rate 3M, Bbg cons 3.9%, MNI Median 3.9%, vs Jan 3.9%.
- Mixed signals about hiring trends appearing in various surveys, but consistent
with slower job growth.
- The KPMG/REC UK Jobs report shows fragile labour market conditions in March...
- ...Permanent placements fell at the quickest pace since Jul-16...
- ...while vacancies showed the slowest rise since Aug-16.
- In the Mar UK PMI report, the employment component rose across sectors.
- Manufacturers increased employment in March to build stocks before initial
Brexit deadline.
- Service providers continued to experience shortage of labour.

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