Unemployment unexpectedly fell to 4.2%, considerably better than the BoE's forecast, but policymakers caution the data's reliability and suggest taking the figures with a 'pinch of salt'.
Earnings growth cooled significantly, mainly due to last year's NHS pay rises, with overall pay rising 4.5% YoY, the slowest since November 2021, creating challenges for achieving the 2% inflation target.
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