UK: Labour market strength continues - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysis team note that the UK’s February employment data showed continued strength in the labour market, with the unemployment rate improving to 3.9% (mkt: 4.0%).

Key Quotes

“Wage data was slightly stronger than expected on the headline measure (3.4% 3m/y), while ex-bonus wages also came in as expected at that rate. The core ex-bonus private sector wage gain was 3.5% 3m/y, repeating the last two months' pace.”

“Job growth was also an impressive 222k in the last 3 months, the strongest gains since 2015, and in contrast to some of second-tier labour surveys which have shown a softening.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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