Wage Growth Continues to Accelerate But Up..>

UK DATA: Wage Growth Continues to Accelerate But Jobless Rate Ticks Up      

--Jul-Sep Employment Level Up 23,000; Jobless Rate Rises to 4.1%   

--Jul-Sep Total Earnings +3.0% 3m y/y Vs +2.8% Jun-Aug

--Jul-Sep Regular Earnings +3.2% 3m y/y Vs +3.1% Jun-Aug

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Nominal total wage growth hit a three-year high in the three months to 

September, despite the unemployment rate ticking up for the first time 

since Q4 2017 (4.09% to 2dp). Real pay, on both total and regular terms, 

were the highest since Q4 2016. Wage pressures continued to be supported 

by elevated vacancies and reduced suuply of workers. Vacancies, 

forward-looking by one month, rose to a record-high 845,000 in the 3m 

to Oct, while the flow of EU nationals to the UK fell by 132k between 

Jul-Sep versus a year ago - the largest fall on record. Flash 

productivity figures showed output-per-hour down 0.4% in Q3 after Q2's 

0.5% rise but was up 0.5% on the quarter on an output-per-worker basis.