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Evening Standard
Evening Standard
Business
Graeme Evans

FTSE 100 Live 16 December: Rate cut seen as jobs market weakens, Brent Crude below $60

Unemployment Office for National Statistics Graeme Evans United Kingdom
FTSE 100 Live - (Evening Standard)

The rate of unemployment has risen to its highest level in almost a decade outside the pandemic as employers continue to shed jobs.

The increase to 5.1% makes it even more likely that the Bank of England will order an interest rate cut on Thursday.

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