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UK jobless rate drops as more people leave labour market, and wage squeeze continues – business live

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There are some signs of softening in demand for labour in today’s jobs report, warns Ruth Gregory of Capital Economics:

 

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“Today’s statistics shows a mixed picture for the UK’s labour market recovery with employment stationery at 75.5% and unemployment dropping to 3.8%. However, the vacancy rate remains high at 1.3 million, and economic inactivity continues to rise to 21.4%”

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