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Job vacancies fall – but not by enough to lower interest rates

13 February 2024

8:29 PM

13 February 2024

8:29 PM

Has the Labour market cooled down enough for the Bank of England to change its mind on interest rates? Almost certainly not, based on the latest data from the Office for National Statistics, out this morning. The reintroduction of the Labour Force Survey data, which had to be suspended temporarily due to poor and limited feedback, has now been reinstated, showing fewer changes in the labour market than experts were hoping to see.

Job vacancies fell for the nineteenth consecutive time – but not by much.

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