This morning's UK jobs data painted a marginally softer-than-expected picture of the labour market, with unemployment unexpectedly rising 0.1pp in the three months to January, and earnings growth cooling both including, and excluding, bonuses.
Furthermore, it's important to contextualize the report, in as much as modest labor market softening is what policymakers will be seeking to ensure elevated inflation does not become embedded within the economy.
[
add
]
[
|
|
...
]