

LONDON, Dec 12 (Reuters) - The number of Britons claiming
unemployment benefits rose less than expected in November and
the number of people in work hit a record high, data showed.
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CLAIMANT COUNT UNEMPLOYED NOV OCT F'CAST
Monthly change -3,000 6,000 (10,100) 7,000
Rate 4.8 4.8 (4.8)
ILO UNEMPLOYMENT AUG-OCT MAY-JULY AUG-OCT 11 F'CAST
Total (mln) 2.510 2.592 2.637
Rate 7.8 8.1 8.3 7.8
Change on qtr -82,000 n/a n/a
KEY POINTS
- Lowest unemployment level since March-May 2011
- Highest employment level since records began in 1971
ECONOMISTS' VIEWS
ROB WOOD, BERENBERG BANK
'Close to expectations, but I think the bottom line is that
employment growth is slowing. It Has slowed a bit over the past
few months and weak UK growth may be beginning to catch up with
the labour market.'
'I think they confirm the picture of stagnation heading into
Q4. With an economic contraction on the cards for the fourth
quarter, and it looking weak in Q1, we'll probably see some more
slowing in the labour market.'
'Earnings growth, which slowed and was below consensus
expectations (was) again a bit of downside news'
'The BoE were expecting a weak fourth quarter anyway so
maybe not too much news for them, but as things to continue to
weaken further, then it makes a move more likely.'
(Reporting by UK economics team)
Keywords: BRITAIN ECONOMY/
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