UK payrolled employment rises again, unemployment rate down

The Bank of England, weighing up when to raise interest rates, is watching closely for how the labour market holds up after the scheme expired, with an estimated 1.1 million people still on it in its final days. Separate official data published on Tuesday showed the unemployment rate fell to 4.3% in the three months to September.

British employers added 160,000 workers to their payrolls in October, the first month after the end of the government's job-protecting furlough scheme, figures showed. The Bank of England, weighing up when to raise interest rates, is watching closely for how the labour market holds up after the scheme expired, with an estimated 1.1 million people still on it in its final days.

Separate official data published on Tuesday showed the unemployment rate fell to 4.3% in the three months to September. Economists polled by Reuters had expected the unemployment rate to fall to 4.4% from 4.5% in the three months to August.

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