Unemployment rose over the summer
The number of unemployed people in the UK increased by 6,000 between July and September to 1.67 million, figures from the Office for National Statistics (ONS) have shown. There was also a fall of 9,900 in the number of people claiming unemployment benefit to 824,800. The total employment level was 29.22 million, up 69,000 on the previous three months, and up 178,000 on the same period a year ago. Average earnings also rose by 4.1% in the three months to September compared with a year ago. Excluding bonuses, however, overall average earnings rose slightly less than expected, up 3.7% in the three months to September against forecasts for a 3.8% increase. The figures will bolster the view that the Bank of England is in no hurry to cut interest rates
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