Key Points
Skepticism remains high surrounding U.K. labor-market data, troubled by contradictory figures and low response rates, as the countrys statistics agency relaunches its key survey of unemployment..
The Office of National Statistics halted publication of its headline measure for unemployment, named the Labor Force Survey, in the fall amid a collapse in the number of responses and uncertainty over population and demographic trends..
Last week, the ONS said it resolved some of the weighting issues in its population data, and would relaunch the survey on Tuesday..
But further drops in employment remain likely in the coming quarters considering weaker demand, higher wage growth, increased interest costs and evidence of less labor hoarding, Deutsche Banks Raja said..
. Rather than unemployment, it will be pay growth that will ultimately be the key data point to watch on Tuesday, reflecting cooling labor-market trends, with recent wage surveys already pointing to a slowdown, he added..
