UK jobs improvement has stalled as employers wait and see on Brexit
by Larry Elliott Economics editor from on (#25727)
Latest ONS figures showing slight fall in employment after major rise in previous quarter are consistent with other surveys
Employment and unemployment down marginally. Wage growth and inactivity up a bit. Cut through the mass of data and the conclusion is clear: the improvement in the UK labour market has stalled.
The latest news from the Office for National Statistics is consistent with the recent reports from the Bank of England's regional agents, the officials who act as the eyes and ears of Threadneedle Street's monetary policy committee.
Related: UK unemployment rate stays at 4.8% as pay growth picks up
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