Commenting on today's labour market figures, Yael Selfin, Chief Economist at KPMG UK, said:
"The unchanged unemployment rate (at 4.3%) means that the labour market remains very tight and the unemployment rate is an on-going source of concern for employers. This isn't helped by the fact that companies are already worried about the implications of Brexit on their workforce and on the availability of workers once the UK leaves the EU.
"Households will be disappointed that the continued low unemployment hasn't translated into any significant improvement in wages, especially in the context of high inflation and falling real income, which is putting significant strain on some households. The fall in real earnings by 0.5% in August is putting further pressure on consumer spending and on the overall short term prospects for the UK economy.
"The unemployment rate continuing below the 4.5% unemployment rate that the BoE considers sustainable will be one factor that the MPC will consider at its meeting next month, however the weaker wage performance should keep interest rates unchanged until next year."
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