Overall data presents a quite strong labor market picture, lower unemployment, higher wages and slightly softer job creation. Stronger wage data may support consumption but complicate inflation outlook. The release may keep the Bank of England more cautious, balancing between easing risks and persistent wage growth.
- UK unemployment rate fell to 4.9%, below expectations (5.2%), signaling a slightly stronger labor market. The drop in unemployment suggests resilience in employment conditions despite broader economic uncertainty.
- UK employment change (SA) came in at -11k, missing forecasts of 0k and indicating a mild contraction.
- The non-adjusted employment change showed a +26.8k increase, exceeding expectations and highlighting mixed signals.
- 3M/3M employment growth slowed to 25k, well below forecasts (35k), pointing to cooling hiring momentum.
- Wage growth remains relatively stable, with average weekly earnings YoY at 3.8%, above expectations. Earnings excluding bonuses rose 3.6% YoY, slightly beating forecasts and suggesting steady underlying wage pressure.
Source: xStation5
Economic calendar: German ZEW and US retail sales in macro focus 🔎
Surprise fall in the UK unemployment rate, as changes ahead at Apple
Morning wrap: Wall Street gains amid hopes of renewed US–Iran talks🗽
Daily Summary: Geopolitical tensions are back; markets in risk-off mode💡
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
