There’s a Very Small Crack in the U.K.’s Labor Market: Chart

U.K. Jobs Market Appears Unrattled Post Brexit Shock

U.K. jobless claims are falling, the unemployment rate is at the lowest in more than a decade and wage growth is holding up. But job vacancies are also on the decline after reaching a record in January, indicating some increase in firms’ caution about hiring in the run-up and after the Brexit vote. Along with surveys showing investment intentions are weakening, this “may represent the early signs of a major slowdown in recruitment behavior,” according to the U.K.’s Institute for Employment Studies.

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