UK Unemployment
Data released by the Office for National Statistics (ONS) shows that the UK unemployment rate fell to [5.9] per cent in the three months to September and down [0.1] per cent from the previous quarter.
During the quarter, [XX] per cent of working age people were employed and this was up from [XX] percent a year ago.
Nonetheless, wage growth was still disappointing rising just [XX] per cent from the year earlier.
Some Bank of England policy makers have said that they are reluctant to raise interest rates until wage growth also recovers.
Today's release has been much anticipated as it could affect when the Bank of England (BoE) will hike interest rates – which is expected some time in 2015 – and is currently being held at the historic low of 0.5 percent since.