TOP NEWS: UK unemployment rate steady at 4.1% at end of 2021

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(Alliance News) - The UK unemployment rate was unchanged at the end of last year, figures from the Office for National Statistics showed on Tuesday.

In the three months to December, the UK unemployment rate was steady at 4.1%, in line with market expectations. The jobless rate in the three months to November also was 4.1%.

On a quarter-on-quarter basis, the unemployment rate declined from 4.3%. Compared to the three months to February 2020, so before the onset of the pandemic, the UK unemployment rate was 0.1 percentage point higher.

Annual growth in total pay - so including bonuses - was 4.3%. Regular pay, which excludes bonuses, was up 3.7%. Both failed to keep pace with the UK's annual consumer price inflation rate in December of 5.4%.

Payrolled employees climbed 108,000 monthly in December, sitting 436,000 above pre-virus levels.

By Eric Cunha; ericcunha@alliancenews.com

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