UK: Strong jobs growth to continue and wage growth to pick up - Nomura

Dhwani Mehta FXStreet

Analysts at Nomura are out with their expectations on today’s UK labour market report due to be released at 0930 GMT.

Key Quotes:

“The January labour market report revealed a generally upbeat set of numbers. Private sector regular pay growth rose to between 3% and 4% (based on 3m, 4m, 5m and 6m average annualised rates), while employment rose by around 100k over the latest published rolling quarter.

We expect strong jobs growth to continue (+150k q-o-q) and wage growth to pick up (regular pay 2.6% y-o-y up from 2.3%) as the economy expands at or modestly above what is believed to be its trend rate.”

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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