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UK unemployment was steady in the three months to October, figures from the Office for National Statistics showed on Tuesday.
The unemployment rate for the period from August to October was 4.2%, unchanged from the July to September period. The unemployment rate came in line with FXStreet-cited market consensus.
In the three months to September, annual growth in average total pay, excluding bonuses, was 7.3%. This was slightly lower than market consensus of 7.4%. Growth in the previous three-month period was 7.8%.
Including bonuses, average pay growth was 7.2%, much lower than market expectations of 7.7%. It was 8.0% in the three months to September.
The ONS began to use ’experimental’ unemployment data in October, owing to a low response rate for its survey.
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