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Evening Standard

Business

City Staff

FTSE 100 Live 13 December: Pound rallies past $1.24 to 6-month high; US CPI inflation lower than expected at 0.1%

Unemployment United Kingdom

The UK unemployment rate today rose to 3.7% as official figures also showed no let up in the squeeze on real-terms wages.

Growth in average total pay and regular pay excluding bonuses both stood at 6.1% in the August to October period, representing a fall in real terms of 2.7%.

Figures from the US economy showed a further drop in the annual inflation rate to around 7.3%.

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