UK ILO unemployment for the 3 months ending in May retreated to 7.8% from both prior and median estimates of 7.9%. Average weekly earnings for the same period slipped to 2.7% compared with the prior 4.2% and 3.0% estimated. The same reading excluding bonus inched down to 1.8% from both previous and forecasted readings of 1.8%.
Moreover, claimant count rate for June matched forecasts at 4.5%, 0.1% lower than May's reading. Jobless claims reached 20.8 thousands relative to the revised 31.1 thousands from the initial 30.9 thousands and projections of 20.0 thousands.