In September, UK payrolled employment decreased -15k or -0.0% mom, but increased by 113k or 0.4% yoy, to 30.3m. Median monthly pay rose 5.3% yoy, down from prior 6.0% yoy, but stays well above June’s 3.8% yoy. Claimant count rose 27.9k to 1.797m, above expectation of 20.2k.
In the three months to August, unemployment rate fell from 4.1% to 4.0%, below expectation of 4.0%. Average regular earnings excluding bonuses rose 4.9% yoy, down from prior 5.1% yoy, below expectation of 5.0% yoy. Average regular earnings including bonuses rose 3.8% yoy, down from prior 4.0% yoy, matched expectations.
