Employment Sees Biggest 3M/3M Drop In Over..>

UK DATA: Employment Sees Biggest 3M/3M Drop In Over 4 years

--Labour Force Survey unemployment rate at 3.9% vs 3.8% July

--August average total earnings rose 3.8% y/y vs 3.9% July

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Overall employment numbers recorded the biggest 3m3m fall since May 2015 

in August, with the overall LFS unemployment rate edging higher to 3.9% 

from 3.8% in July. The overall employment rate fell to 75.9% from the 

76.1% seen in July. The more volatile and experimental monthly jobless 

rate rose to 3.8% from 3.7% in July, but still below the 4.1% recorded 

in June. Earnings both with and without bonuses held up by-and-large, 

just backing off from the highs seen in July. Real earnings recorded 

their 18th straight month in positve territory. Private sector pay 

continued to be the driver, up by 4.0% 3M Y/Y, unchanged from July, 

while public sector pay slowed to 3.3% from July's 3.5%.