UK payrolled employees rose 0.4% mom, or 108k, to 29.5m in January. Over the year, payrolled employees grew 4.8% yoy, or 1.35m. Claimant count dropped -31.9k.
In the three months to December, unemployment rate was unchanged at 4.1%, matched expectations. That’s still 0.1% higher than before the pandemic, but down -0.2% from the previous three-month period. Employment rate rose 0.1% to 75.5%, comparing to the previous 3-month period.
Average earnings including bonus rose 4.3% 3moy, much better than expectation of 3.9%. Average earnings excluding bonus rose 3.7% 3moy, above better than expectation of 3.6%.
