The UK unemployment rate has remained at 4.7% however inflation is beginning to wipe out wage growth. The ONS said in a statement: "Average weekly earnings for employees increased by 2.3% including bonuses and by 2.2% excluding bonuses, compared with a year earlier. "However, adjusted for inflation, average weekly earnings grew by 0.2% including bonuses and by 0.1% excluding bonuses, over the year, the slowest rate of growth since 2014." You can read more here.

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