Unemployment falls to decade low in UK
UK unemployment unexpectedly fell to the lowest in almost a decade and wage growth slowed less than forecast as the labor market continues to strengthen. Pay excluding bonuses rose 1.9 percent in the three months through November from a year earlier compared with 2 percent in the quarter through October, the Office for National Statistics said in London onWednesday. Economists in a Bloomberg survey had predicted 1.8 percent. Unemployment fell to 5.1 percent, the lowest since the three months through January 2006.