UK claimant count dropped -29.8k in October, much better than expectation of 78.8k rise. That’s a monthly decrease of -1.1% to 2.6million. However, the level was still 112.4% above March’s number before the pandemic hit the job market.
In the three months to September, unemployment rose 0.3% to 4.8%, matched expectations. Average earnings excluding bonus rose 1.9% 3moy, above expectation of 1.5%. Average earnings including bonus rose 1.3% 3moy, also above expectation of 1.0%.
