But Samuel Tombs, chief United kingdom economist at Pantheon Macroeconomics, cautioned: “Whenever you scratch underneath the surface, today’s work market figures aren’t as robust because they first appear.”

For an extent, he meant from financial services and towards manufacturing.

“This is actually the latest bit of evidence which shows the economy has worked out much better than expected since June’s referendum.”

The previous chancellor, George Osborne, frequently spoke about the necessity to “rebalance” the economy.

Yes, employment reaches record levels, but it’s the non-public sector that’s around the up.

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