Investing.com - The U.K.'s unemployment rate fell to a six-year low in November, fuelling optimism over the strength of the labor market, official data showed on Wednesday.
In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the preceding three month-period and better than expectations for a reading of 5.9%.
The report also showed that the claimant count fell by a seasonally adjusted 29,700 last month, compared to expectations for a decline of 25,000 people.
November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.
GBP/USD was trading at 1.5084 from around 1.5154 ahead of the release of the data, while EUR/GBP was at 0.7674 from 0.7639 earlier.
Meanwhile, European stock markets remained mixed. London’s FTSE 100 tacked on 0.6%, the EURO STOXX 50 shed 0.1%, France's CAC 40 declined 0.1%, while Germany's DAX slumped 0.2%.
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U.K. unemployment rate falls to 6-year low of 5.8%
Published 01/21/2015, 04:35 AM
U.K. unemployment rate falls to 6-year low of 5.8%
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