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UK Unemployment Rate fell to 5.2%

Wednesday, Dec 16 2015
For November 2015 there were 796,200 people claiming unemployment related benefits. This was 3,900 more than for October 2015. Analysts were anticipating increase by 900. It was also 112,400 fewer than for a year earlier and 17,800 more than the pre-downturn trough of 778,400 for February 2008. 
 
There were 939,000 unemployed men, 153,000 fewer than for a year earlier. There were 774,000 unemployed women, 91,000 fewer than for a year earlier.The unemployment rate was 5.2%, lower than for a year earlier (6.0%). It has not been lower since the 3 months to January 2006.  No change was expected.The unemployment rate is the proportion of the labour force (those in work plus those unemployed) that were unemployed.
 
Sterling is currently being traded around 1.50 handle. Pair is likely to find support around 1.4950 handle and resistance above 1.5050 level. Later today, in the US session, Building Permits and Housing Starts figures are scheduled for a release, while the focus of the session will be on FOMC rate decision and the following statement.
More in this category: « Euro little changed after mixed PMI figures Housing Starts and Building Permits unexpectedly rose in November »

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