Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
East Germany Narrows Economic Gap With West but Wealth Divide Persists 
Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar 
Asian Stocks Rise as Oil Falls, BOJ Rate Decision in Focus 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
Iran Economic Crisis Forces Afghan Families to Return Home 
BOJ Raises Interest Rate to 31-Year High as Yen Weakens 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
Add as a preferred source on Google
The rate of unemployment in the United Kingdom remained unchanged during the month of August, although the average earnings increased in the year to August. The rise in earnings have been modest in recent years, but this has been offset by low inflation.
The UK jobless rate held steady at a near 11-year low of 4.9 percent in the three months to August, data released by the Office for National Statistics showed Wednesday. However, unemployment increased by 10,000 to 1.66 million in the quarter to August.
Further, average weekly earnings grew by 2.3 percent, a slight fall from the previous month. The employment figures sent the pound up against the dollar and euro, rising back above USD1.23 and GBP1.12.
"These figures show that employment continued to grow over the summer and vacancies remain at high levels, suggesting continuing confidence in the economy," ONS said in its report.
In addition, employment was up by 106,000 in the latest quarter to almost 32 million, the highest since records began in 1971. Meanwhile, the ONS noted that the statistics covered two months after the European Union referendum result.
