12 September 2001, 12:35 UK July labor market data-OVERVIEW and SNAPSHOTS
--UK Jul headline avg earnings up annual 4.6%
--UK adj Aug claimant count unemployment dn 6,000 from Jul
--UK Jul unadj earnings ex bonuses 5.2 pct pts, bonuses 1.0 pct pts
--UK May-Jul ILO unemployment 5.0%
--UK May-Jul ILO unemployment up 13,000 on Feb-Apr
--UK May-Jul manufacturing unit labor costs up 2.6% on yr
--UK Jul single month avg earnings up provisional 4.4% on yr
London, September 12 (BridgeNews) - UK headline average earnings fell
back slightly to an annual rate of 4.6% in July, while the claimant count
jobless measure showed a small fall in August, down 6,000 from July.
However, there was a small rise in the ILO unemployment measure, up 13,000
in May to July compared with the previous three months. Public sector
average earnings continued to accelerate, with the headline rate rising to
5.6%, the highest figure since January 1993. However, private sector
earnings slowed to 4.3%.
Average earnings remain above the 4.5% level that the Bank of England
has said in the past is the point at which wages fuel inflation.
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