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UK wages rise as ILO unemployment stable

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Staff Writer | August 17, 2016
UK unemployment barely changed in June but wages increased, according to official figures, but the claimant count unexpectedly fell in July.
UK wages rise
Jobs in Britain   The July claimant count fell by 8,600
Unemployment remained at 4.9% in June, the Office for National Statistics confirmed, the same as the previous month as economists expected.

UK average weekly earnings grew 2.4%, though again the market expected the improvement from the 2.3% reading in May.

The July claimant count, however, fell by 8,600 to a rate of 2.2%. The consensus estimate had been for a 9,500 rise after the previous month's 0.4k increase.