U.K. unemployment edges down to 7.7%

|By:, SA News Editor

U.K. unemployment 7.7% in May-July vs 7.8% in February-April and consensus of 7.8%.

Average weekly earnings excluding bonus +1% vs +1.1% prior and consensus of +1%.

The number of unemployed -24,000 to 2.49M.

Inactivity rate 22.3% vs 22.4% in February-April.

Claimant count -32,600 in August vs -36,300 in July and consensus of -22,000. Claimant count rate 4.2% vs 4.3% in July.

Pound spikes and is now +0.4% to $1.5797. FTSE 100 -0.2%.

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