This month's figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong.
A broad set of indicators suggests that the labour market is cooling but pay growth has not fallen to the extent they would like to see.
Falling employment, rising unemployment and rising economic inactivity do not paint a pretty picture of the UK labour market. Falling vacancies makes those numbers particularly concerning, suggesting there is a genuine lack of demand for staff.
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