UK labour market cools further as payrolls fall and wage growth slows

The key details: July ILO unemployment rate 4.9% vs 5.0% expected Prior 4.9% July employment change 67k vs 67k expected Prior 83k July average weekly earnings +3.9% vs +3.9% 3m/y expected Prior +4.1%; revised to +4.2% July average weekly earnings (ex bonus) +3.5% vs +3.5% 3m/y…