UK unemployment rate rises more than expected to 5%
Figures are a setback for government ahead of high-stakes Budget
Figures are a setback for government ahead of high-stakes Budget

Jobless level for November indicates weakening labour market

Figure signals improvement in the labour market after string of bleak data releases

Figures complicate Fed decision on rates next month

Updated figures point to far worse slowdown in labour market than previously thought

The increase is not wholly driven by job cuts and a rise in labour supply is a net positive for businesses

Third-quarter figures dragged down by slide in manufacturing