UK unemployment was unchanged at 3.9% in the three months to June, better than expectation of 4.2%. As estimated 1.34m people were unemployment, -10k fewer than the previous quarter.

However, total actual weekly hours worked decreased by a record 191.3m, or 18.4%, to 849.3m hours, worst since 1971. The total hours also hit the lowest level since 1994. Additionally, there was strong falls in pay, with total nominal pay fell by -1.2% yoy and regular nominal pay fell by -0.2% yoy.

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In July, claimant count jumped 94.4k to 2.7m. Since March, claimant counts has more than doubled, rose 116.8% or 1.4m.

Full release here.


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