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U.K. Oct-Dec Jobless Rate Falls Unexpectedly

The U.K. unemployment rate fell unexpectedly in the October to December period, data from the Office for National Statistics showed Wednesday.

The jobless rate fell to 5.7 percent during the October to December period from 5.8 percent in the September to November period. Economists had forecast the rate to remain at 5.8 percent.

During October to December, there were 1.862 million unemployed people compared with the 1.914 million people in the September to November period.

In the same period of the previous year, there were 2.348 million unemployed people.

The claimant count rate fell to 2.5 percent in January as expected, from 2.6 percent in December. Confirming the economists' estimate.

The number of people claiming jobseeker's allowance decreased by 38,600 from December, while economists expected a decline of 25,000.

From a year earlier, the claimant count fell by 383,500.

Average earnings rose 2.1 percent annually after the 1.8 percent increase in November, more than the 1.7 percent consensus estimate.

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