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Unemployment holds steady, but Bank of England is unlikely to be convinced by ONS data to cut interest rates
Wage growth slowed sharply in the three months to January, according to the latest snapshot of the jobs market from the Office for National Statistics.
Average earnings growth fell to 3.8% in the three months to January, down from 4.2% – a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years.
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