Stocks and Pound Weaker Ahead of UK Jobs Data
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LiveUpdated5m agoStocks and Pound Weaker Ahead of UK Jobs DataJoin the Markets Today team for news and analysis vital to UK markets. Email us at marketstoday@bloomberg.net5m ago We’ll be getting UK jobs data at the top of the hour, which is set to show that wage growth has slowed while unemployment has ticked higher. For the three months to October, top line average weekly earnings are seen growing 4.4%, slowing from 4.8%. Excluding bonuses, the rate is seen slowing to 4.5%. Meanwhile, unemployment is seen edging up to 5.1% from 5%, still at the highest level since early 2021. We’ll also be keeping an eye on the change in monthly payrolled employees, a number that tends to be volatile. The metric is expected to show that 20,000 jobs were lost in November, though the number is very susceptible to revisions. Kit ReesUK Markets Today, LondonCopied