Money Minute Tuesday 15 October: UK unemployment and German optimism
Today's Money Minute looks forward to the UK unemployment figures and German investor sentiment.
Today in the UK, we get unemployment data for August.
The unemployment rate came in at just 3.8% last month. That's the lowest level in about 45 years, and it's likely to have remained around that level.Meanwhile, the annual pace of wage growth came in at 4% previously, the fastest rate seen since the 2008 financial crisis.
Markets will be watching for signs that gloom elsewhere in the economy is starting to affect the labour market.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
That said, with all eyes on the ongoing "will they, won't they?" Brexit drama, the figures are unlikely to have much short-term impact on the pound or the stock market.
Over in Germany, we get the ZEW Economic Sentiment index for October.This gives a view of how big investors feel about the outlook for the German economy.In recent months, their view has been pretty pessimistic and that's unlikely to change this month, as Germany's economy has been hit particularly hard by the global manufacturing slowdown.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Starling Bank to scrap 3.25% interest rate from popular current account within days
Starling is to remove the generous 3.25% it pays on current accounts from next week – what does this mean for customers and should you move?
By Katie Williams Published
-
Top 20 UK areas where house prices have ballooned in last 25 years
Some parts of the UK have seen house prices grow by 652% since the turn of the millennium
By Daniel Hilton Published