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mpc: 20 There had not been much news on costs and prices since the March MPC meeting. Employment had fallen by around seven thousand on the Labour Force Survey measure in the three months to January but the Workforce Jobs measure had been more buoyant in Q4. Over the previous year the two measures had moved broadly in line and were consistent with a modest loosening of labour market pressure: unemployment had continued to edge up and the stock of job vacancies had declined. It was possible that some of the increase in unemployment was structural, rather than cyclical, following the rise in energy prices.