17 Feb 2016
UK labour market continued to tighten? – Danske Bank
Research Team at Danske Bank, suggests that the UK labour market report for December is likely to show that the market continued to tighten.
Key Quotes
“We forecast that the unemployment rate (3M) fell to 5.0% from 5.1%. We estimate that the annual growth rate in average weekly earnings excluding bonuses (3M) (AWE) was unchanged at 1.9% y/y. Although AWE is quite volatile by nature, we think this was the bottom and expect the series to trend up again.
Inflation expectations from Sweden are due out but are probably becoming less relevant. Government bond auctions will be held today in Sweden, Norway and Denmark.”
Key Quotes
“We forecast that the unemployment rate (3M) fell to 5.0% from 5.1%. We estimate that the annual growth rate in average weekly earnings excluding bonuses (3M) (AWE) was unchanged at 1.9% y/y. Although AWE is quite volatile by nature, we think this was the bottom and expect the series to trend up again.
Inflation expectations from Sweden are due out but are probably becoming less relevant. Government bond auctions will be held today in Sweden, Norway and Denmark.”