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UK Wage Growth Picks Up, Regular At High....>

UK DATA
UK DATA: UK Wage Growth Picks Up, Regular At Post-Crisis High
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MAR-MAY LFS JOBLESS RATE 3.8% VS 3.8% FEB-APR
MAR-MAY AVG EARNINGS EX-BONUS +3.6% VS +3.4% APR (MEDIAN 3.5%)
MAR-MAY AVG TOTAL EARNINGS +3.4% VS +3.2r% PRIOR (MEDIAN 3.0%)
MAR-MAY REAL EARNINGS EX-BONUS +1.7%, vs +1.5%
MAR-MAY TOTAL REAL EARNINGS +1.4%, vs +1.3% PREV
MAR-MAY LFS JOBS UP 28,000 AT 32.749MN
JUNE CLAIMANT COUNT RATE 3.2% VS MAY 3.1%  
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UK wage growth accelerated in the 3 months to May, with regular pay 
higher by 3.6% y/y  -- beating expectations to set the highest growth 
rate since +4.0% in June 2008 (equal +3.6% Jul '08). Service sector pay 
led the way higher, rising at the fastest pace since Oct '08. Although 
an upbeat report all told, there was some caution, with vacancies 
falling to a still healthy looking 12-month low. 

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