- Prior -27.6k. Revised to -33.9k
- Jan ILO unemployment rate 7.2% vs 7.2% exp. Prior 7.2
- Jan average earnings (ex-bonus) 1.3% vs 1.2% exp. Prior 1.0%
- Jan average weekly earnings 1.4% vs 1.3% exp (3 mth avg y/y). Prior 1.1%. revised to 1.2%
Another very decent job report although no change in the unemployment rate. People going self employed helped boost employment to a new record of just under 30.2m.
Wages up slightly which is a good sign and a slow and steady pace will add to the economy.
Looks like cable was expecting a decent report which is why we went no higher on the release. 1.6642 is the high so far and we slip back to 1.6620.
- Full time worker increased by 165k from Aug 2013 to Jan 2014
- Part time fell 60k Aug-Jan
- Employees fell 60k Aug-Jan
- Self employed up 211k Aug-Jan
- Gov support & programs (classed as employed) fell 38k
UK labour report 19 03 2014