UK: Unemployment rate likely to remain unchanged at 4.1% - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting a relatively unchanged snapshot of the labour market in the three months to November for the UK economy.

Key Quotes

“The unemployment rate remaining unchanged at 4.1% for the third consecutive month, while wage pressures (both headline and headline ex-bonus) repeat their previous 3.3% 3m/y gains. Core wages (private sector ex-bonus) should accelerate slightly to 3.5% 3m/y. Overall this picture will continue to point to a tight labour market, with rising costs a concern for the MPC.”

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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