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May 21 2019, 12:00 IST/BST
Today’s Labour Force Survey indicates that employment rose by 1.5% in Q1 2019, up 3.7% on the year, with the unemployment rate falling to 4.6% in April. This is a far stronger pace than the 2.4% jobs growth we had forecast for 2019, making us more comfortable with our above-consensus forecast of 5% GDP growth in 2019.
May 21 2019, 12:00 IST/BST