Welcome to Tuesday's Money Minute.
Employment is a lagging indicator. Other economic data shows signs of a slowing economy before anything shows up in the jobless figures. With other data pointing to a slowdown recently, investors will watch closely for signs that the labour market is weakening too.
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The other key figure to watch is wage inflation, which came in at 3.9% last time. It's expected to be a little lower than that today, at closer to 3.8%. A significantly higher reading could raise concerns about wider inflation at the Bank of England.
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