Analysts have been expecting a bit of deterioration in the official UK labour market data for a while given heightened levels of uncertainty for businesses and indications from business surveys of fading employment intentions. The Q1 headlines were solid - particularly the lower unemployment rate. However, there were signs of deterioration under the surface and earnings growth slowed again, which will help contain any pressure on the Bank of England (BoE) to raise rates.
Past performance is no guide to the future. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author's own and do not constitute investment advice.
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