Jobs market uncertainty causes headache for Bank of England rate setters

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

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%.

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