Employment up by more than a quarter of a million on the quarter. The unemployment rate below 7% and at its lowest rate in five years. Average earnings picking up and finally outpacing prices. With the labour market as strong as that, surely an increase in interest rates must be coming? That's certainly what the City thinks. Sterling rose after the unemployment figures were released and dealers have advanced the date at which they expect the Bank of England to push up the cost of borrowing. And there is a case for the Bank of England re-thinking its strategy. At 6.9%, the jobless rate is below the 7% threshold ... (full story)