16 Mar 2016
UK unemployment rate likely ticked up higher - TDS
Research Team at TDS, expects that the UK unemployment rate likely ticked up a notch to 5.2% in the three months ending January (consensus 5.1%).
Key Quotes
“The steady declines seen in recent months look to be finished, and an unemployment rate of 5.2% still indicates a relatively tight labour market that should be supportive of regular pay growth, which we expect to tick up to 2.0% y/y (consensus 2.1%) as cost pressures again begin to gradually start building. The Chancellor also presents his budget today, which we expect to walk a relatively non-controversial line ahead of the EU referendum in June.”
Key Quotes
“The steady declines seen in recent months look to be finished, and an unemployment rate of 5.2% still indicates a relatively tight labour market that should be supportive of regular pay growth, which we expect to tick up to 2.0% y/y (consensus 2.1%) as cost pressures again begin to gradually start building. The Chancellor also presents his budget today, which we expect to walk a relatively non-controversial line ahead of the EU referendum in June.”