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    16.03.2016 10:17 U.K. unemployment rate remains unchanged at 5.1% in the November to January quarter

    The Office for National Statistics (ONS) released its labour market data on Wednesday. The U.K. unemployment rate remained unchanged at 5.1% in the November to January quarter, in line with expectations.

    The claimant count slid by 18,000 people in February, beating expectations for a fall by 9,100, after a decrease of 28,400 people in January. January's figure was revised down from a 14,800 decrease.

    U.K. unemployment in the November to January period dropped by 28,000 to 1.68 million from the previous quarter.

    The employment rate was 74.1% in the November to January quarter. It was the highest reading since 1971.

    Average weekly earnings, excluding bonuses, climbed by 2.2% in the November to January quarter, after a 2.0% gain in the October to December quarter.

    Average weekly earnings, including bonuses, rose by 2.1% in the November to January quarter, in exceeding expectations for a 2.0% gain, after a 1.9% increase in the October to December quarter.

    The Bank of England monitors closely the wages growth it considers when to start hiking its interest rate.


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