UK: Unemployment rate likely to hold steady at 3.9% - TDS

TD Securities analysts point out that the UK’s employment report for the three months ending February is released and will be a key economic release for today’s session.

Key Quotes

“We look for the unemployment rate to hold steady at 3.9%, while headline wage growth rises a tick to 3.5% 3m/y and ex-bonus wages slip a tick to 3.3% 3m/y. The important private sector regular pay figure is likely to remain stable at 3.5% 3m/y for the fourth consecutive month, its fastest pace of growth since 2008.”