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World

Has the jobs market cooled enough to cut interest rates?

12 March 2024

7:47 PM

12 March 2024

7:47 PM

Is the Bank of England about to cut interest rates? Today’s labour market statistics might just give them the room to do so. The latest data, released by the Office for National Statistics (ONS) this morning, shows that the number of payrolled employees is up, the unemployment rate is up, vacancies are down and pay growth is slowing.

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