Details of the December 2015 UK labour market data report 20 January 2016
– . Revised to -2.2k
– Nov ILO unemployment rate 5.1% vs 5.2% exp. Prior 5.2%
– Average weekly earnings 2.0% vs 2.1% exp 3m y/y. Prior 2.4%
A mixed report as claims and unemployment falls. The big deal is that wages missed. The UK jobs market is solid but there’s more it could do to tighten up and wages need to keep rising before the BOE look to hike