UK unemployment rate unchanged at 5.1%

(Sharecast News) - The UK unemployment rate was unchanged in November, official data showed on Tuesday, while wage growth slowed modestly. According to the Office for National Statistics, the unemployment rate in September through November was 5.1%, unchanged on the previous month. It was, however, notionally ahead of consensus expectations of 5%.

Average growth in employees' regular average earnings, which excludes bonuses, slowed to 4.5% from 4.6%, in line with expectations. Earnings including bonuses also slowed, nudging down to 4.7% from 4.8%.

Public sector pay growth was 7.9%, and 3.6% in the private sector.