UK: 3-month unemployment rate to show a repeat 4.0% in July - TDS

Analysts at TD Securities expect the 3-month unemployment rate of UK in July to show a repeat 4.0%, sitting at a 40+ year low.

Key Quotes

“Headline wage growth is likely to remain unchanged at 2.4% 3m/y, but the more important ex-bonus and private sector regular pay measures should both improve a tick, to 2.8% and 2.9% 3m/y, respectively.”