The UK jobless rate keeps steady on the month with wages data continuing to hold thereabouts. February reflected another increase in payrolls, though it comes with a revision lower to the January figure. All in all, it's not a soft report nor is it a hot one in terms of wages. Real earnings did ease slightly in the three months to January to 2.1%, down from 2.6% last month. But it has been on the rise since August last year, so it's not too much comfort for the BOE.
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