Unemployment rises as pay growth slows again [Yahoo! Finance]
MARKS & SPENCER GRP S/ADR (MAKSY)
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Source: Yahoo! Finance
The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter. However, the Office for National Statistics (ONS) urged caution over giving too much weight to its latest jobs figures due to issues with how it gathers the data. While wage growth has eased, pay is still rising faster than inflation, which measures the rate of price increases. Excluding bonuses, pay grew at an annual rate of 4.8% between July and September - the lowest in more than two years. The number of vacancies also fell again, as they have been doing for more than two years now. Liz McKeown, director of economic statistics at the ONS, pointed out that the total still remains a little above pre-pandemic levels. She told the BBC's Today programme that the latest figures suggested there was a "continued easing of the labour market". But the ONS's Labour Force Survey, which produces the data on jobs in the UK, has had a smaller number of respondents over the past
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