Industry Voice: UK labour market: first signs of trouble?

Melanie Baker, Senior Economist @RLAM_UK examines the latest data

clock • 1 min read

Analysts have been expecting a bit of deterioration in the official UK labour market data for a while given heightened levels of uncertainty for businesses and indications from business surveys of fading employment intentions. The Q1 headlines were solid - particularly the lower unemployment rate. However,  there were signs of deterioration under the surface and earnings growth slowed again, which will help contain any pressure on the Bank of England (BoE) to raise rates.

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About us: Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, managing assets on behalf of a wide range of clients. Our experienced team of investment specialists manages around £123.4 billion of assets (as at 31.03.2019), investing across all major asset classes. Our funds are aimed at meeting a broad range of investor needs.

Contact details: [email protected] and 0207 506 6500

 

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