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mpc: 14 Recent data and surveys were consistent with a gradual tightening in the labour market since around the middle of last year. Employment had increased (although total hours worked had fallen slightly), and, on the Labour Force Survey measure, the unemployment rate had fallen to 4.9% in the three months to November. The CIPS employment survey for January was little changed on the month, still indicating modest private sector employment growth; the Recruitment and Employment Confederation demand and availability measures for agency staff both pointed to further tightening; and the Agents' contacts painted the same picture for regional labour markets.