U.K. jobless rate stable at 4.9%

|By:, SA News Editor

The U.K.'s unemployment rate held steady at an 11-year low of 4.9%, as expected, in the three months to the end of August.

However, while the number of people in work rose 106,000, that's down from increases of above 170,000 in recent months.

The number of unemployed increased 10,000 to 1.66M for the first rise since February.

Basic pay growth increased to 2.3% from 2.2%, although total pay slowed to +2.3% from +2.4%.

While the data will probably be scrutinized for what it says about the impact of the Brexit vote, it's still way to early to tell.

The pound is +0.1% at $1.2309, while the FTSE 100 is -0.3%.

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