Guardian Stockbrokers Key Economic News Wednesday 11 September 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK ILO unemployment rate unexpectedly dropped in the May-July 2019 period

In the UK, the ILO unemployment rate dropped unexpectedly to a level of 3.80% in the May-July 2019 period, compared to market expectations of an unchanged reading. In the April-June 2019 period, the ILO unemployment rate had recorded a level of 3.90%.

UK average earnings including bonus rose more than expected in the May-July 2019 period

In the UK, the average earnings including bonus recorded a rise of 4.00% on a YoY basis in the May-July 2019 period, higher than market expectations for an advance of 3.70%. The average earnings including bonus had risen by a revised 3.80% in the April-June 2019 period.

US small business optimism index dropped in August

In the US, the small business optimism index fell to a level of 103.10 in August, lower than market expectations of a fall to a level of 103.50. The index had recorded a reading of 104.70 in the previous month.

US JOLTs job openings unexpectedly eased in July

In the US, JOLTs job openings recorded an unexpected drop to a level of 7217.00 K in July, compared to a revised reading of 7248.00 K in the prior month. Markets had expected the JOLTs job openings to advance to a level of 7300.00 K.

Australian consumer confidence index declined in September

In Australia, the consumer confidence index registered a drop to a level of 98.20 in September, compared to a level of 100.00 in the prior month.

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