UK June ILO unemployment rate 4.7% vs 4.7% expected ...Middle East

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Prior 4.7%Employment change 239k vs 185k expectedPrior 134kAverage weekly earnings +4.6% vs +4.7% 3m/y expectedPrior +5.0%Average weekly earnings (ex bonus) +5.0% vs +5.0% 3m/y expectedPrior +5.0%July payrolls change -8kPrior -41k; revised to -26k

The BOE looks poised to pause in September but if labour market conditions keep this way in the months ahead, they could look to tee up a move in November or December. However, they still have to balance things out against consumer price inflation. So, therein lies the stagflation risks for the UK economy.

This article was written by Justin Low at investinglive.com.

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