UK wages increase more than expected as the average earnings index came out at 1%. This data represents a 3 month moving average compared to the same period a year ago. Forex factory highlights that this data is an indicator of inflation.
In terms of people claiming unemployment benefits, only 20.4 thousand less people filled for claims. Economists predicted a drop of 24.9 thousand claims.
The full labour market report for November can be obtained here.
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