The UK unemployment rate has fallen to 4.8% in the three months to September according to the Office for National Statistics. The Bank of England had predicted a rise in unemployment after the Brexit vote but unemployment appears to have defied the analysts. However, the rate of job creation appears to have slowed, with the 49,000 rise in the number of people in work in the three months to September down from August's 106,000. The number of people claiming unemployment benefits in October increased by 9,800, the biggest rise since May.

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