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11th May 2022 18:00U.K., Daily Monitor

The LFS measure of employment was essentially unchanged in Q1, despite the strength implied by surveys.

But the unemployment rate probably fell to a 47-year low of 3.7%, due to a contraction in the workforce.

Headline wage growth likely edged up, but remained well below CPI inflation; this gap will persist.

business surveys composite pmi cpi employee numbers employment employment growth headline rate labour labour demand labour market March mpc nhs paye payroll pmi public sector self-employment surveys unemployment unemployment rate wage growth

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Keywords for: Negligible Employment Growth in Q1, Despite Strong Surveys?

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