On the data front, focus in the UK was on the latest labour market report for signs that the recovery is continuing. The Office for National Statistics (ONS) said that employee numbers returned to pre-Covid levels in August as 241,000 payrolled jobs were added. Vacancies hit a record high above 1 million.
“Beyond the near term, the sharp rise in the level of vacancies suggests a likelihood of sustained increases in employment in the coming months,” said analysts at Lloyds (LON:LLOY) bank in an emailed note. “The strong pick up in demand for labour corroborates evidence from a number of survey reports […] which show that hiring activity has held firm throughout the summer months.”
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