RTTNews - Wednesday, the latest labor market statistics from the Office for National Statistics showed that the number of people claiming Jobseeker's Allowance benefit in the UK increased 24,900 to 1.58 million in July. Economists had expected an increase of 28,000 for July. The claimant count rate was 4.9% of the workforce in July versus 4.8% in June. The rate came in line with economists' expectations.

During three months to June, the unemployment rate was 7.8%, up 0.7 percentage points from the previous three month. The number of unemployed people rose 220,000 from the previous three months to 2.43 million.

On a yearly basis, average earnings, both excluding and including bonuses, increased 2.5% in the three months to June. Economists were looking for an annual increase of 2.4% in earnings including bonuses, while growth in earnings excluding bonuses matched forecast.

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