U.K. unemployment rate falls to 7.6%

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.

ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs