Preview: UK jobless tally to accelerate in Feb
First Published Thursday, 9 July 2009 from Need to Know News
The number of unemployed is set to accelerate in the UK in February. Analysts are pencilling in an 87,000 increase on average in the claimant count, following a 73,800 rise in January.
"Employment intentions indicators deteriorated sharply in Q4 (and have continued to deteriorate this quarter)," said Carlos Caceres, economist at Morgan Stanley.
In January, the claimant count -- the government's preferred measure of unemployment -- stood at 1.23 million. However, economists are looking for another measure of unemployment, ILO, to hit the key 2mln mark.
Earnings growth, including bonuses, is expected to dwindle further to 3% in the three months to January, from 3.2% in the quarter to December.Earnings excluding bonuses are set to rise 3.4%.
Need to Know News' Scream Audio will broadcast the figures live from the ONS at 0930 GMT.
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