UK ILO Unemployment Rate unexpectedly drops to 3.6% in July

• The Unemployment Rate in the UK arrived at 3.6% in July.
• UK Claimant Count Change arrived at 6.3K in August.
• The UK wages excluding bonuses rose by 5.2% YoY in July vs. 5.0% expected.

more to come ...

About UK jobs

The UK Average Earnings released by the Office for National Statistics (ONS) is a key short-term indicator of how levels of pay are changing within the UK economy. Generally speaking, the positive earnings growth anticipates positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).