UK Unemployment Rate drops further to 4.1% in November vs. 4.2% expected

• UK claimant count change arrived at -43.3K in December.
• The unemployment rate in the UK dropped to 4.1% in November.
• The UK wages excluding bonuses fell to 3.8% YoY 3.8% expected.

The Office for National Statistics (ONS) showed on Tuesday, the UK’s official jobless rate surprised markets to the upside, by arriving at 4.1% in November vs. the previous 4.2% and 4.2% expected while the claimant count change showed a smaller than previous drop last month from the previous.

The number of people claiming jobless benefits fell to 43.3K in December when compared to -49.8K booked previously. The claimant count rate came in at 4.7% vs. 4.8% last.

more to come ...