Unemployment Unchanged; Pay Growth Slows....>

UK DATA: Unemployment Unchanged; Pay Growth Slows

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- AUG-OCT LFS JOBLESS RATE 3.8% VS 3.8% JUL-SEP

- AUG-OCT AVG TOTAL EARNINGS +3.2% VS +3.7% PRIOR

- AUG-OCT AVG EARNINGS EX-BONUS +3.5% VS +3.6% SEP  

- AUG-OCT REAL EARNINGS EX-BONUS +1.8%, vs +1.8%

- AUG-OCT TOTAL REAL EARNINGS +1.5% vs 1.9% PREV

- AUG-OCT LFS JOBS +24,000 TO 32.801MN

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While the UK's overall jobless rate rate remained unchanged in Oct 

-- in contrast to markets projecting an uptick -- the woman's 

unemployment rate fell to the lowest on record. The overall employment 

rate rose to a record-high 76.2%, up from 76.0% in the second quarter. 

However, vacancies fell by 56,000 over the same period of last year, the 

biggest annual fall since Oct-Dec 2009. Meanwhile, earnings growth 

decelerated further in Oct, with total earnings growth slowing to a 

1-year low, falling well short of expectations.