While Neil Birrell, chief investment officer at Premier Miton Investors, said the latest figures prove the UK's labour market is stronger than expected.
He said: "It was weak US jobs data that sent markets into a tailspin, but there is no need to worry about that in the UK. The labour market is stronger than expected, with wage growth pretty much in line. The UK economy is performing well, which will be a boost to the new government, but there probably isn’t enough in these numbers to change Bank of England policy for now."
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