Unemployment in the July to September quarter increased just 0.2% to 5.2% according to International...
Unemployment in the July to September quarter increased just 0.2% to 5.2% according to International Labour Organisation counting rules the Office for National Statistics says today, while the unemployment benefits claimant count registered 3.1%, the lowest since the mid-1970s. This translates into continued strong consumer spending as low interest rates keep borrowing costs down and continued employment makes debt repayments possible. Despite the good performance of the economy and tight labour market, annualised wage inflation registered just 3.8% at the end of the quarter. ...
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