- Prior 4.4%
- Employment change 144k vs 95k expected
- Prior 107k
- Average weekly earnings +5.8% vs +5.9% 3m/y expected
- Prior +6.0%; revised to +6.1%
- Average weekly earnings ex bonus +5.9% vs +5.9% 3m/y expected
- Prior +5.9%
- February payrolls change 21k
- Prior 21k; revised to 9k
The UK jobless rate keeps steady on the month with wages data continuing to hold thereabouts. February reflected another increase in payrolls, though it comes with a revision lower to the January figure. All in all, it's not a soft report nor is it a hot one in terms of wages. Real earnings did ease slightly in the three months to January to 2.1%, down from 2.6% last month. But it has been on the rise since August last year, so it's not too much comfort for the BOE.
