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mpc: 19 The labour market remained tight, but there was little news on labour market quantities this month. The Labour Force Survey (LFS) measure of employment had increased by enough to hold the employment rate steady in Q3. The slower employment growth in the summer seemed broadly consistent with the picture for output growth. The LFS unemployment rate had fallen to 4.6% in Q3. There was also a small fall in weighted non-employment on the month, as the fall in unemployment outweighed the continued rise in inactivity. There were signs of a small fall in recruitment advertising in the press in the year to October, according to the Recruitment and Employment Confederation survey. The fall had been concentrated in the public sector.

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