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

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.”