United Kingdom Claimant Count Rate in line with forecasts (2.3%) in November

The UK ILO unemployment rate (3 months) came in at 5.2 per cent as against 5.3 recorded earlier. Wage growth is currently at levels about half of where it was before the crisis. Ben Brettell, senior economist at broker Hargreaves Lansdown had observed “there are signs that wage growth is flattening out”. Wage growth slowed to 2.4 per cent from 3 per cent recorded earlier.