[The Weeping Angel]

UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
Bank of England expected to keep interest rates on hold as Iran war casts shadow over labour market

Quite a large fall too (from 5.2%). Possibly a fluke or possibly business was adjusting to the higher costs better than lots of people expected.

Is that good or bad?

[Tubby Isaacs]

The fall is good. Or was until Trump attacked Iran.

The point I was making is that business has had quite a lot of costs to absorb, from the minimum wage, tax and won't like the new working rights coming in next year. It would be good if it had been managing to do that without much effect on employment.