UK Nov jobs solid - Claimant count, earnings beat estimates

The Office for National Statistics noted on Wednesday, the UK’s official jobless rate stayed unchanged at 4.8% in November, stuck at the lowest since Q3 2005, while, the claimant count dropped sharply last month.

The number of people claiming jobless benefits dropped sharply by 2400 in November from 9800 claim seekers seen previously. The claimant count rate remained unchanged at 2.3% in the last month.

Wage growth, excluding bonuses bettered expectations, coming in at 2.6% versus  a revised 2.4% booked previously, while the gauge including bonuses also rose above expectations at 2.5% 3m y/y versus 2.4% last (revised higher). Employment change for November stood at -6k vs 50k expected and 49k prior.