Business Live with Ian King: Pace of wage increases slows but unemployment rate unchanged

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Watch Business Live with Ian King: The pace of wage growth has eased back from a record level, according to official figures that showed a resilient labour market despite the stalling economy

The Office for National Statistics (ONS) reported average wages excluding bonuses were 7.7% higher than a year earlier in the three months to September

That was down from the revised 7.9% level registered last month but meant wages were still rising by 1% after taking the rate of inflation into account

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