Jobs market uncertainty causes headache for Bank of England rate setters

While the overall economic picture looks relatively benign, deep structural problems remain

• Unemployment falls as wages growth hits lowest in two years
• Business live - latest updates

Britain's labour market is cooling, with annual earnings growth easing markedly and the number of job vacancies falling for a 25th month in a row.

Or is it? The number of people in work climbed by almost 100,000 in the three months to June while the jobless rate fell from 4.4% to 4.2%.