VOT Research Desk
Market Analytics and Considerations
Before +69k
3.6% ILO unemployment rate in September, versus an estimated 3.5%
Prior 3.5%
52k fewer jobs were added in September than were anticipated, or
Before: -109k
The predicted +5.9% 3m/y increase to +6.0% for average weekly earnings in September
Prior +6.0%
September’s average weekly earnings (excluding of bonuses) increased by 5.7% vs the forecasted increase of 5.5% over three years.
Prior +5.4%
In October, there were 74,000 more paid workers in the UK than in September, bringing the total to a record 29.8 million. The jobless rate has gone up a tiny bit, but overall, this indicates that the UK economy is still moving forward strongly amid significant economic obstacles.
Even while weekly earnings predictions have increased, real pay increase remains a challenge. According to estimates, real salary decreased 2.6% in the three months from July to September compared to the same time last year (lower from 2.3% previous time).
