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mpc: 19 There had been little news from the labour market. On the Labour Force Survey measure, the employment rate had edged up to 60.2% in the three months to September. Surveys had painted a mixed picture: the Recruitment and Employment Confederation (REC) had pointed to declining staff availability, but there had been a slight softening in the labour market according to the Chartered Institute of Purchasing and Supply (CIPS). The latest labour market reports from the Bank's regional Agents were also relatively soft. The Agents had carried out a special survey on migration during November. The results of that survey were consistent with the Committee's view that migration had been playing an increasingly important role in the UK labour market in the recent past, and was likely to continue to do so in the near future.

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