The British employment and salary figures are due soon

The British employment and salary numbers will be released in a while. The number of people claiming unemployment benefits which is presented as "Claimant Count Change" is expected at 4,100 against -400 last month. -400 means that 400 people left the social services for the unemployed. The unemployment rate is expected to remain the same at 5.0% which is the natural rate at full employment, because people quit jobs, change jobs etc.

The average earnings index which 3m/y is the increase in wages in the last three months annualized is the most important piece of the employment/wages economic data because it shows how the employment/unemployment is actually translating into employee earnings. The employee earnings then will spill into better retail sales, higher inflation and a better business environment in general. That´s expected to be 2.3% in Q2 against 2.0% in Q1, so let´s see.