THE UK rate of unemployment has risen while wage growth has eased, according to the Office for National Statistics (ONS).
Unemployment rose to 4.3% between July and September, from 4% for the previous three months.
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Official figures released this morning have revealed that basic pay is still growing but at its slowest rate in two years.
Pay excluding bonuses stood at 4.8% in the three months to September, and including bonuses, it was 4.3%
It comes after statistics released last month showed the growth in employees’ average total pay was 4.9% between June and August.
Inflation is the rate at which goods increase have increased over time, and is used to measure the cost of living.
The most recent data shows inflation dropped to 1.7% from 2.2% the month before.
It comes less than a month after the UK’s central bank, the Bank of England (BoE), reduced the base rate from 5% to 4.75%.
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