UK: Mild upside risks to the unemployment rate - TDS

Analysts at TD Securities suggest that the UK labour market report for the three months to September is released and is going to be the key economic release for today’s session.

Key Quotes

“We look for both headline and headline-ex-bonus wages to sit at 3.0% 3m/y, while the more important core regular pay ex-bonus measure continues its steady climb to 3.2% 3m/y, indicating continued tightness in the labour market on account of weak employment growth. We see mild upside risks to the unemployment rate, which could come in a tick higher at 4.1% (mkt: 4.0%).”