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June Set For Robust UK Employment and Earnings
The Office for National Statistics (ONS) is due to release UK unemployment and earnings data for the month of June on Tuesday. Below are five things worth noting ahead of the release. --Analysts tend to overestimate June unemployment: In the last sixteen years, analysts have tended to slightly overestimate unemployment for the month of June, by an average of 0.02 pp over this period. Moreover, four out of the six overestimates since 2002 have come in the last five years, suggesting that the tendency to overestimate June unemployment has become more prevalent recently. --UK Underemployment Trending Downwards: Since ... (full story)