UK jobs market ‘shows signs of slowing’

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The jobs market in the UK is showing signs of slowing, but pay growth is still outstripping inflation, official figures show.

The unemployment rate unexpectedly rose to 3.9% in the June to August period from 3.8%, which had been its lowest since January 1975.

Earnings excluding bonuses grew at an annual pace of 3.8%, the same as the previous reading.

Including bonuses, the annual increase was 3.8%, down from 4% previously.

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