Real Wages Continue to Fall as Jobless Rate.>

UK DATA: Real Wages Continue to Fall as Jobless Rate Holds at 4.3%  

--Jun-Aug Unemployment Level Down 52,000   

--Jun-Aug Total Earnings +2.2% 3m y/y Vs Revised +2.2% May-Jul

--Jun-Aug Real Total Earnings -0.3% 3m y/y Vs -0.3% 3m y/y in May-Jul

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Wage growth, closely observed by the Bank of England MPC, continued 

to fall in inflation-adjusted terms in the three months to August, 

albeit at the same pace as in the previous period. Both total pay growth 

and regular pay growth were revised up to 2.2% 3m y/y in Jul. The former 

held firm at this level in August, with total private sector pay growth 

rising to 2.4% 3m y/y - the highest since April. Employment rose by a 

smaller-than-expected 94,000, with 57,000 coming from increased 

self-employment. That took the proportion of self-employed to a 

joint-record high 15.1% of all workers.