- The UK wages excluding bonuses rose by 3.1% y/y compared to 2.8% y/y expected.
- The UK wages including bonuses rose by 2.7% y/y compared to 2.4% y/y expected.
- The UK unemployment rate steadied at a four-decade low of 4.0% in August.
The Office for National Statistics (ONS) showed on Tuesday, the UK’s average weekly earnings, excluding bonuses beat expectations, arriving at 3.1% 3m y/y versus 2.9% last and 2.8% expected while the gauge including bonuses came in at 2.7% 3m y/y versus 2.6% previous and 2.4% expected.
The Kingdom’s official jobless rate steadied at 4.0% in August, while the claimant count change showed a bigger-than-expected increase.
The number of people claiming jobless benefits rose sharply by 18.5k in September, against expectations of a 10.0k increase and +14.2k (revised from +8.7k) seen previously. The claimant count rate rose to 2.6%.
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