UK November payrolls change 107k vs 74k prior

• Prior 74k; revised to 79k
• October ILO unemployment rate 3.7% vs 3.7% expected
• Prior 3.6%
• October average weekly earnings +6.1% vs +6.1% 3m/y expected
• Prior +6.0%
• October average weekly earnings (ex bonus) +6.1% vs +5.9% 3m/y expected
• Prior +5.7%

The report continues to exemplify that labour market conditions are still holding up well in the UK, with a rise of 3.2% in payrolled employees seen since February 2020. That said, pay growth in real terms (adjusted for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term) continue to record a fall - both in total and regular pay - and that just points to how difficult the working/living conditions are at the moment and why we are seeing the strikes mentioned here.

In August to October, pay growth fell by 2.7% - which is among the largest falls since comparable records began in 2001.