UK Unemployment Reaches 5%; US Senate Passes Funding Bill; S. Korea Revises Growth Outlook Up - November 2025

The UK unemployment rate rose to 5% in the three months to September, its highest level since December 2020-February 2021, according to new official figures. The increase reflects a weakening jobs market and could influence a potential rate cut by the Bank of England. In the United States, the Senate has passed a crucial funding bill by a vote of 60-40, potentially ending the longest government shutdown in history. The bill now heads to the House of Representatives before President Donald Trump can sign it. Meanwhile, a state-run think tank in South Korea has revised upward its 2025 growth outlook. The Korea Development Institute (KDI) now projects a 0.9 percent increase in real gross domestic product (GDP), citing improvements in exports and consumption.