Warning that post-lockdown jobs boom is ending

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The jobless rate falls to its lowest since 1974, but the employment rate and number of vacancies also drop. …

“The decline in joblessness disguised what was only a modest 40,000 rise in employment, the smallest since January to March, with a rise in inactivity playing a bigger role in pushing unemployment down,” said Martin Beck, chief economic adviser to the EY Item Club.

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