TOP NEWS: UK jobless rate stays at 4.2% as pay growth slows

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UK unemployment was steady in the three months to November, figures from the Office for National Statistics showed on Tuesday.

The unemployment rate for the period from September to November was 4.2%, unchanged from the August to October period. The figure came in line with FXStreet-cited market consensus.

Also in the three months to September, annual growth in average total pay, excluding bonuses, was 6.6%. This in line with market consensus as well and slower than growth in the previous three-month period of 7.3%.

Including bonuses, average pay growth was 6.5%, lower than market expectations of 6.8% and 7.2% in the three months to October.

The ONS began to use ’experimental’ unemployment data in October, owing to a low response rate for its survey.

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