Published On Nov 12, 2024, 2:17 AM
The UK's unemployment rate has risen to 4.3% for the three months ending in September, compared to 4.0% in the prior quarter. Pay growth continues to slow, although wages are still increasing faster than inflation. The Office for National Statistics advises caution when interpreting these figures due to data collection issues.
Negative
The rise in unemployment and slowing pay growth may lead to concerns about consumer spending and economic health in the UK. This could put pressure on UK equities, especially in sectors sensitive to consumer spending.
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