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  • UK labour market: June 2018

    From ons.gov.uk

    Estimates from the Labour Force Survey show that, between November 2017 to January 2018 and February to April 2018, the number of people in work increased, the number of unemployed people decreased and the number of people aged from 16 to 64 years not working and not seeking or available to work (economically inactive) also decreased. There were 32.39 million people in work, 146,000 more than for November 2017 to January 2018 and 440,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.6%, higher than for a year earlier (74.8%) and the joint ... (full story)

Bad news for UK...
Average Earnings in UK Area is slowing down...
Likely GBPUSD will weaker to 1,33 this week ahead of US CPI Data and FOMC...
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Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.4% excluding bonuses, and by 0.1% including bonuses, compared with a year earlier.
Quoting JesusProphet
Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.4% excluding bonuses, and by 0.1% including bonuses, compared with a year earlier.
It can be explained, but it is shit.
A great set of employment figures. Most parts of Europe would give anything for such figures.
Quoting Prof.Trader
Bad news for UK... Average Earnings in UK Area is slowing down... Likely GBPUSD will weaker to 1,33 this week ahead of US CPI Data and FOMC... {image}
I have always wondered how traders make the relationship between a figure released and the currency price. You have said the pound will move to 1.33 and it was at 1.33972 at the release of the news. Can you help me to understand how a drop in earnings of .1% from last month means a drop in the pound of .972 specifically against the USD. ?
Thanks
Quoting Wayne2401
A great set of employment figures. Most parts of Europe would give anything for such figures.
Pity about the wage rises, they sucked.
Quoting UnBearybull
{quote} Pity about the wage rises, they sucked.
I agree,of course,though I take the view, better to be employed with a small wage rise, than not employed at all.
Quoting Sanguis
{quote} It can be explained, but it is shit.
How can it be explained? Brexit? I thought Brexit was going to cause the end of the UK?
...because you never know - until you do!
Quoting fxsport
{quote} How can it be explained? Brexit? I thought Brexit was going to cause the end of the UK?
Hahahah, yes, the Remoaners are always eerily quiet( and red faced, no doubt,) when any good news comes out of the UK. They want to vote us back in, perhaps they feel the EU unemployment rate of 7% + is some how..I do not know what?
Quoting fxsport
{quote} How can it be explained? Brexit? I thought Brexit was going to cause the end of the UK?
Yesterday here in the Eastern region, it was announced that since the referendum, foreign investment in our area has gone up 48%. So that was for the year 2017
Quoting Wayne2401
{quote} Hahahah, yes, the Remoaners are always eerily quiet( and red faced, no doubt,) when any good news comes out of the UK. They want to vote us back in, perhaps they feel the EU unemployment rate of 7% + is some how..I do not know what?
Here I am again, being eerily quiet and and red faced. I'm pleased and relieved about the employment figures. There you are.

P.S. I should not have to remind you of this, but we have not left Europe yet. So, the employment figures are from a full member of the EEC...
Gone to a better place
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