LONDON, Dec 14 ― British employers added 257,000 staff to their payrolls in November, adding to signs that the labour market withstood the end of the government's furlough scheme, according to data published today.
But the emergence of the Omicron variant of the coronavirus at the end of November has prompted investors to scale back their bets on a rate hike by the BoE as soon as Thursday, after its December policy meetings. Separate official data showed the unemployment rate fell to 4.2 per cent in the three months to October, as expected by economists polled by Reuters and down from 4.3 per cent in the three months to September.
The ONS said average weekly earnings were 4.9 per cent higher than in the same three months of 2020, the smallest annual increase since March.
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