UK payrolled employment rose 71k or 0.2% mom in August. Comparing with the same month a year ago, payrolled employees rose 803k to 2.8% yoy. Monthly pay rose 6.5% yoy. Claimant count rose 6.3k, versus expectation of -9.2k decline.
Unemployment rate dropped from 3.8% to 3.6% in the three months to July. Employment rate was estimated at 75.4% while economic inactivity rate was estimated at 21.7%. Average earnings including bonus rose 5.5% 3moy, versus expectation of 5.2%. Average earnings excluding bonus rose 5.2% 3moy, versus expectation of 5.0% 3moy.
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