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Big increase in jobless claims in March is a concern

25,500 new jobless claims

Have UK employment levels peaked?  In March, the month the UK Government triggered Article 50, jobless claims saw their largest monthly increase since 2011.

The 25,500 surge in claims implies employment may have peaked in the UK and that labour market weakness could be a factor over the next two years of Brexit negotiations.

This would be bad news for consumer facing sectors such as retail, consumer goods, travel and leisure.

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