Despite surprise fall in unemployment, weak wage growth and inflation pressures put the squeeze on workers
Despite a surprise fall in the unemployment rate, the latest jobs data show the labour market in a fragile state, even before the Iran war threatened to derail the UK’s nascent economic recovery.
At 4.9% in the three months to February, the unemployment rate was down from 5.2% in the previous three months, according to the Office for National Statistics.
Continue reading...Originally reported by The Guardian
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