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UK unemployment falls to 1.44 million

UK unemployment fell by 3,000 to 1.44 million in the three months to November, official figures show.

The number of those in work increased sharply and wages rose at their fastest rate in almost a year, the Office for National Statistics said.

That leaves the UK's unemployment rate at a four-decade low of 4.3%.

But the growth in wages at 2.4% remained below inflation at 3.1% in November, leaving real wages lower for than a year earlier.

"Demand for workers clearly remained strong," said ONS statistician David Freeman.

"Nevertheless, inflation remains higher than pay growth and so the real value of earnings continues to decline."

http://www.bbc.co.uk/news/business-42802526

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