UK: Unemployment rate likely to hold steady - TDS

Analysts at TD Securities point out that in the UK, latest employment report is released earlier in the day for the three months ending January, and they are looking for the unemployment rate to hold steady at its multi-decade low of 4.0%, while wage growth largely remains unchanged.

Key Quotes

“We see headline wage growth tick down to 3.2% 3m/y on account of base bonus effects (mkt: 3.2%), while pay excluding bonus holds steady at 3.4% 3m/y (mkt: 3.4%) and the key core wage measure remains unchanged at 3.5% 3m/y.”