U.K. unemployment rate falls to 7.6%

|By:, SA News Editor

The U.K. unemployment rate falls to 7.6% in the three months to September, data shows. That's the lowest rate since 2009 and is largely in-line with economists' expectations.

For Q3, the jobless total fell by 48K to 2.47M, while payrolls jumped 177K.

The BOE has promised to keep interest rates at 0.5% until the jobless rate falls to 7%.

Previously, the central bank said it could be mid-2016 before the employment threshold is hit, but some expect that forecast to be pulled forward today when the BOE delivers its quarterly inflation report.

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