UK claimant count dropped -7.7k in May, better than expectation of 11.3k rise.
Unemployment rate was unchanged at 4.2% 3 months to April, met expectation.
Average weekly earnings, including bonus, slowed to 2.5% 3moy in April, below expectation of 2.6% 3moy. Prior month’s reading at 2.6% 3moy.
Average weekly earnings including bonus slowed to 2.8% 3moy, below expectation of 2.9% 3moy. Prior month’s reading at 2.9% 3moy.
At the time of writing, Sterling shrugs off the weaker than expected wage growth and strengthens against Dollar and Yen.
