According to analysts at TD Securities, August may see one of the final gasps of strength for the UK’s labour market, as they are looking for the unemployment rate to fall to a new multi-decade low of 3.7% (mkt 3.8%). Key Quotes “We do look for the strength in job growth to slow in the coming months; the one consistent message from all three UK PMIs for September was that employment has started contracting across all sectors of the economy.” “For wage growth, we look for headline wages to hold steady at 4.0% y/y, and ex-bonus wages to also come in unchanged at 3.8% y/y. Wage growth is likely to remain elevated for a while, as they tend to follow growth and labour market trends only with a lag.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin (LTC) price analysis: LTC/USD spends its 8th birthday in a range FX Street 4 years According to analysts at TD Securities, August may see one of the final gasps of strength for the UK's labour market, as they are looking for the unemployment rate to fall to a new multi-decade low of 3.7% (mkt 3.8%). Key Quotes "We do look for the strength in job growth to slow in the coming months; the one consistent message from all three UK PMIs for September was that employment has started contracting across all sectors of the economy." "For wage growth, we look for headline wages to hold steady at 4.0% y/y, and ex-bonus wages to also come… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
