Regular Wage Growth Jumps To 9-Year High....>

UK DATA: Regular Wage Growth Jumps To 9-Year High But Employment Dowm    

--Jun-Aug Employment Level Down 5,000; Jobless Rate Steady at 4.0%    

--Jun-Aug Total Earnings +2.7% 3m y/y Vs +2.6% May-Jul

--Jun-Aug Regular Earnings +3.1% 3m y/y Vs +2.9% May-Jul

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Regular earnings growth surged to a nine-year high in the three months 

to August, courtesy of broad-based increases, despite the number of 

those in employment falling for the first time since the 3m to October 

2017. Total pay edged 0.1pp higher to 2.7% 3m y/y, the highest since 

February, while regular nominal pay climbed tp 3.1% 3m y/y - equal to 

the outturn in Jan 09 and last higher in the 3m to Dec 2008. Within 

this, total services sector pay was the highest since the 3m to July 

2015 while regular public sector pay hit a 6-year high. Real 

regular wages rose by an annual rate of 0.7%, the fastest growth since 

Q4 2016.