FXStreet (Mumbai) - The ONS today reported UK’s unemployment rate for the three months to November come in at 5.1%, lower than for a year earlier (5.8%). There were 1.68 million unemployed people, 99,000 fewer than for June to August 2015 and 239,000 fewer than for a year earlier. The employment rate was 74.0%, the highest since comparable records began in 1971. Average weekly earnings including bonuses rose 2.0% in the three months to November, dropping from the 2.4 per cent rise seen in the previous three months. It increased by 1.9% excluding bonuses compared with a year earlier. HSBC analysts are of the opinion "Pay growth will continue to slow in November, in part due to base effects, but should rise back over the coming months as these base effects fall away”. While the labor market has shown steady signs of recovery, wages remain a worry for policy makers. The claimant count rate stayed unchanged in December from the earlier reading of 2.3%. For more information, read our latest forex news.