UK unemployment rate was unchanged at 3.8% in the three months to October, below expectation of 3.9%. Estimated unemployment rate was 4.0% for men and 3.5% for women, the latter at a record low. An estimated 1.28m people were unemployment, 93k fewer than a year ago.
Wages growth slowed quite notably. Average earnings including bonus dropped to 3.2% 3moy, down from 3.7% and missed expectation of 3.4%. Average earnings excluding bonus dropped to 3.5% 3moy, down from 3.6%, but beat expectation of 3.4%.
