UK labour market remains in a puzzling state - TDS

Research Team at TDS, sees balanced risks around the labour report.

Key Quotes

“Both TD and consensus looking for the unemployment rate to notch down a tick to 5.0% while the 3M/yoy ex-bonus wage growth measure decelerates to 1.8%. The UK labour market remains in a puzzling state, with continued erosion of slack but falling wage momentum.”