UK jobs: Wages show little growth post-Brexit

The Office for National Statistics noted on Wednesday, the UK’s official jobless rate remained at eight-year lows of 4.9% in July, while the claimant count edged slightly higher in the first month post-Brexit.

The number of people claiming jobless benefits rose to 2400 from a negative revised 3600 jobseekers in July th. The claimant count rate remained steady at 2.2%, same as that seen in June.      

Wage growth, excluding bonuses missed expectations, coming in at 2.1% versus 2.3% booked previously, while the gauge including bonuses bettered expectations at 2.3% 3m y/y versus 2.5% last. Employment change for July stood at 174k vs 171k expected and 172k prior.