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Ahead of tomorrow's UK labour Market.....>

UK PREVIEW
UK PREVIEW: Ahead of tomorrow's UK labour Market Survey, MNI's Data team expect
the unemployment rate to remain firm at 4.2%. The REC report showed strong
increases in permanent jobs as well as temporary billings. This has seen the
rate of reduction in candidate availability at 3- and 5-month records for
permanent and temporary jobs respectively. Combining this with an anticipated
rebound in the second quarter of 2018 suggests unemployment has further
reduction to go, illustrated by the Bank of England in its May inflation report
revising down its 2018 second quarter unemployment rate to 4.1% and anticipating
the figure to be
at 4% by the second quarter of 2019. For the full report please see MNI Main
Wire 1625BST.

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