More positive stats on the UK economy this morning
Posted: January 24th, 2018, 12:07 pm
The latest statistics were released this morning for UK wage growth, employment/unemployment, CPI/RPI, and they're generally looking robust. I can't easily quote all the data without breaching copyright, but I'll quote a couple of economists views and the source links to the articles.
"The latest labour market figures provided further reassurance that the economy held up in the fourth quarter of last year," said economist Paul Hollingsworth at Capital Economics. He said the 102,000 rise in employment dispelled concerns that weakness in recent months was a sign of things to come. "With an unusually weak sample in the first month of each quarter still weighing on the data for now, and hiring surveys remaining strong, a further acceleration in employment growth looks likely in the near term," he said.
"The good news for the economy is that more people are working with rising wages despite any uncertainty associated with leaving the European Union. Lord Jim O’Neil looks vindicated so far in his belief that strong domestic and global growth will overcome Brexit headwinds." Market analyst Jasper Lawler, London Capital Group.
https://uk.webfg.com/news/news-and-anno ... 92635.html
'The pound surged to a post-Brexit high on Wednesday following strong jobs data... data showed UK employment hit a record high in November. According to the Office for National Statistics, total employment increased to 102,000 in the quarter to November to 32.2m, taking the employment rate to 75.3%. Meanwhile, the unemployment rate held steady at 4.3%, its lowest level since 1975...'
https://uk.webfg.com/news/fx/fx-round-u ... 92918.html
"The latest labour market figures provided further reassurance that the economy held up in the fourth quarter of last year," said economist Paul Hollingsworth at Capital Economics. He said the 102,000 rise in employment dispelled concerns that weakness in recent months was a sign of things to come. "With an unusually weak sample in the first month of each quarter still weighing on the data for now, and hiring surveys remaining strong, a further acceleration in employment growth looks likely in the near term," he said.
"The good news for the economy is that more people are working with rising wages despite any uncertainty associated with leaving the European Union. Lord Jim O’Neil looks vindicated so far in his belief that strong domestic and global growth will overcome Brexit headwinds." Market analyst Jasper Lawler, London Capital Group.
https://uk.webfg.com/news/news-and-anno ... 92635.html
'The pound surged to a post-Brexit high on Wednesday following strong jobs data... data showed UK employment hit a record high in November. According to the Office for National Statistics, total employment increased to 102,000 in the quarter to November to 32.2m, taking the employment rate to 75.3%. Meanwhile, the unemployment rate held steady at 4.3%, its lowest level since 1975...'
https://uk.webfg.com/news/fx/fx-round-u ... 92918.html