UK: Unemployment rate likely unchanged at 4.9% - Danske Bank

Research Team at Danske Bank, suggests that the UK labour market report for September is due out at 10:30 CET and as economic activity has been quite resilient to Brexit uncertainties, we estimate the labour market data will show the same as well.

Key Quotes

“That said, this year we have seen a stabilisation in the unemployment rate as firms have hit the brakes on their hiring plans following Brexit. We estimate the unemployment rate (3M average) was unchanged at 4.9% and estimate that average weekly earnings ex bonuses (3M average) rose 2.3% y/y.”