Details of the September 2016 UK labour market and claimant count data report 19 October 2016
– Aug ILO unemployment rate 4.9% vs 4.9% exp. Prior 4.9%
– Average weekly earnings 2.3% vs 2.3% exp 3m y/y. Revised to 2.4%
Not a bad set of numbers and wages hold up very well. The Ex-bonus number is the one that shines. The only minor disappointment is that all-in wages have fallen due to the revision.