12th Nov 2024 07:17
(Alliance News) - The UK unemployment rate increased in the September quarter while wage growth eased, numbers on Tuesday showed.
According to the Office for National Statistics, the ILO unemployment rate rose to 4.3% in the three months to September from 4.0% in the three months to August, surpassing the FXStreet-cited consensus of 4.1%.
Wage growth slowed down slightly, with average earnings excluding bonuses rising 4.8% annually in the three months to September from 4.9% in the August quarter. However this beat the consensus of a 4.7% rise.
Average earnings including bonuses rose 4.3%, beating consensus which expected growth of 3.9%, the same as in the three months to August.
Also on Tuesday, the ONS reported that early estimates for October show the number of payrolled employees rising 0.3% or by 95,000 people on-year.
The October figure was down by a slight 5,000 employees compared with September.
Median monthly pay meanwhile increased 7.0% on-year in October, "a larger increase than seen in recent months".
By Emma Curzon, Alliance News reporter
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