UK unemployment has fallen again this month to 4.7% its lowest since the summer of 1975 according to The Office for National Statistics (ONS).
They are still being cautious as the gap in wages has narrowed and has slowed significantly in the first 3 months of 2017. Wage growth is one of the most important pieces of data that the Bank of England uses with regards to interest rates. The next interest rate policy is on Thursday next week.
Zero contract hours now equates to 2.8% of all people in employment.