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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK three month moving average unemployment rate rose less than anticipated in October
In the UK, the three month moving average unemployment rate registered a rise to 4.90% in October, compared to a level of 4.80% in the prior month. Markets were expecting the three-month moving average ILO unemployment rate to rise to 5.10%.
UK average earnings including bonus rose more than expected in October
In the UK, the average earnings including bonus advanced 2.70% on a YoY basis in October, compared to a revised rise of 1.40% in the previous month. Markets were expecting the average earnings including bonus to record an advance of 2.30%.
UK claimant count rate advanced in November
In the UK, the claimant count rate advanced to 7.40% in November, compared to a revised rate of 7.20% in the prior month.
US industrial production advanced more than expected in November
In the US, industrial production registered a rise of 0.40% on a MoM basis in November, compared to a revised rise of 0.90% in the prior month. Markets were expecting industrial production to record an advance of 0.30%.
US manufacturing production climbed more than expected in November
In the US, manufacturing production recorded a rise of 0.80% on a MoM basis in November, compared to a revised rise of 1.10% in the previous month. Markets were expecting manufacturing production to record an advance of 0.30%.
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