UK June ILO unemployment rate 4.7% vs 4.7% expected

8 months ago 29

RoboForex - professional services on Forex market

Latest data released by ONS - 12 August 2025

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

The jobless rate holds steady on the month but the labour market is still gradually softening amid further weakness in payrolls. A good sign for the BOE to pursue cutting rates further is that real wages are continuing to ease further. In the months from April to June, total pay (in real terms) is seen easing to +0.5% while regular pay (in real terms) is seen falling to +0.9%. These are the lowest readings in almost two years now.

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