Latest jobs figures also indicate that the unemployment rate remains at 5.1%A first UK interest rate rise since the financial crash appears to be even further absent after official figures showed that wages growth last year dipped to 1.9%.
Wages growth,which is watched carefully by the Bank of England for signs of inflation, lost momentum in December for an eighth month as the global slowdown in trade and turmoil on world stock markets hit the previously bouyant UK economy.
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Source: theguardian.com