UK jobs preview - HSBC

Dhwani Mehta FXStreet

Analysts at HSBC offer a sneak peek at what to expect from the UK labor market report due to be reported at 0930 GMT later on Wednesday.

Key Quotes:

“Pay growth picked up a little in the three months to October, and we expect it to maintain its pace in the three months to November - albeit remaining some way below inflation.

Unemployment was unchanged at 4.3%, its lowest since 1975 and the level at which it has stood since July 2017.

That said, there were some early signs of job trends starting to turn, with employment down by 56k over the three months to October, and the claimant count rising for the third consecutive month in November. This, therefore may be the focus of the November release.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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