UK jobs: Wages show little growth post-Brexit
The Office for National Statistics noted on Wednesday, the UK’s official jobless rate remained at eight-year lows of 4.9% in July, while the claimant count edged slightly higher in the first month post-Brexit.
The number of people claiming jobless benefits rose to 2400 from a negative revised 3600 jobseekers in July th. The claimant count rate remained steady at 2.2%, same as that seen in June.
Wage growth, excluding bonuses missed expectations, coming in at 2.1% versus 2.3% booked previously, while the gauge including bonuses bettered expectations at 2.3% 3m y/y versus 2.5% last. Employment change for July stood at 174k vs 171k expected and 172k prior.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
