Report
Philip Rush
EUR 58.29 For Business Accounts Only

FLASH: UK labour market momentum remains hawkish

- The unemployment rate remained at 4.2% in May, but robust employment trends and a supportive cohort effect make another fall likely in June.
- Hours have partly rebounded, but it will take another couple of months for the split-Easter effect to wash out of the data. Actual hours are low relative to the usual, so a further rebound remains likely.
- Wage growth slowed by a tenth, as expected, but the underlying impulse was surprisingly strong. Recovering hours should continue to support this.
Provider
Heteronomics
Heteronomics

Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.

Analysts
Philip Rush

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