UK unemployment is up, but wage rises make early interest rate cut less likely
by Phillip Inman from on (#6NEFP)
Bank of England will want to delay rate reduction until level of pay increases eases
Private sector employers have cancelled job adverts and shed workers at a steady rate over the last year.
According to the latest labour market data covering the three months to the end of April, the number of workers in the manufacturing sector was down from the same month last year.
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