U.K. Sep-Nov Jobless Rate Falls More Than Expected

The U.K. unemployment rate fell more than expected in the September to November period, data from the Office for National Statistics showed Wednesday.

The jobless rate fell to 5.8 percent during the September to November period from 6 percent in the June to August period. Economists had forecast a rate of 5.9 percent.

During September to November, there were 1.914 million unemployed people compared with the 1.972 million people in the June to August period.

In the same period of the previous year, there were 2.332 million unemployed people.

The claimant count rate fell to 2.6 percent in December as expected, from 2.7 percent in November. Confirming the economists' estimate.

The number of people claiming jobseeker's allowance decreased by 29,700 from November, while economists expected a decline of 25,000.

Average earnings rose 1.7 percent annually after the 1.4 percent increase in October, in line with the consensus estimate.

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