UK: Firm labor market data - BBH

Research Team at BBH, notes that the UK reported firm labor market data.

Key Quotes

“April jobless claims came in at -2.4k vs. +5k expected, while the unemployment rate was steady in March at 5.1%. Average weekly earnings were higher than expected, and the 3-month employment change was 44k vs. flat expectations. This comes after softer than expected CPI data yesterday. Retail sales will be reported tomorrow, and are anticipated to bounce back and recoup around half of March's decline.”