AWE Growth Slows to lowest since Sep; Jobs..>

UK DATA: AWE Growth Slows to lowest since Sep; Jobs Mkt Tightens Further  

--Apr-June Employment Level Up 42,000; Jobless Rate Down 0.2pp to 4.0%    

--Apr-June Total Earnings +2.4% 3m y/y Vs +2.5% Mar-May

--Apr-June Regular Earnings +2.7% 3m y/y Vs +2.8% Mar-May

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Headline earnings growth slowed further to 2.4% 3m y/y in the 3m to 

June, the lowest pace of growth in 11 months, driven by a fall in bonus 

payments. More bonuses were paid in the months of March and April this 

year, earlier than typically seen according to an ONS official. However, 

core wage growth remains strong at 2.7% 3m y/y. The labour market 

tightened further with unemployment falling to 4.0%, 0.1pp below 

analysts expectations of 4.1%. In line with survey data, employers 

continue to seek workers with vacancies rising 20,000 on the quarter to 

829,000, a record high.