UK unemployment rate dropped slightly from 4.7% to 4.6% in the three months to July. That’s still 0.6% higher than pre-pandemic level. Employment rate rose to 75.2% but remains -1.3% below pre-pandemic level. Average earnings including bonus rose 8.3% 3moy, below expectation of 8.6%. Average earnings excluding bonus rose 6.8% 3moy, also below expectation of 7.3%. Claimant count dropped -58.6k in August, versus expectation of -71.7k.
