UK unemployment steady at 4.5%; wages jump

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The UK unemployed rate was steady at 4.5% for the three months between July and September, while wages continued to recover substantially.

Average weekly earnings for the period jumped 7.2%, according to the Office for National Statistics, above expectations of a 6.9% rise.

The claimant count fell by 51.1k, which was below expectations of a drop of 60.5k.