The UK labour market continued to hum along nicely, seemingly undisturbed by Brexit uncertainty. But then again, labour market data is a lagging indicator and given the increased Brexit uncertainty and the continuous flow of announcements regarding the shutting of UK production sites we should expect unemployment to slowly increase later this year. But in December 2018, the UK managed to create 165,000 new jobs vs. economists’ estimates of 151,000 new jobs. Both the unemployment rate and wage inflation remained unchanged at 4.0% and 3.4%, respectively.
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(Almost) Daily Market News Update
- Published:
20 Feb 2019 -
Author:
Joachim Klement -
Pages:
5
The UK labour market continued to hum along nicely, seemingly undisturbed by Brexit uncertainty. But then again, labour market data is a lagging indicator and given the increased Brexit uncertainty and the continuous flow of announcements regarding the shutting of UK production sites we should expect unemployment to slowly increase later this year. But in December 2018, the UK managed to create 165,000 new jobs vs. economists’ estimates of 151,000 new jobs. Both the unemployment rate and wage inflation remained unchanged at 4.0% and 3.4%, respectively.