By Chris Dorrell Interest rate cuts are drawing ever nearer after new data this morning showed that slack continued to build in the labour market, but it is a painfully slow process. Although almost every measure suggested a softer labour market than expected, the downside surprises were small, which demonstrated the labour market is still tight in historical terms. Wage growth slowed, but only slightly. Unemployment rose, but it remains very low. Vacancies have fallen for 20 consecutive quarters, yet there are still 100,000 more vacancies than pre-pandemic. Most economists agreed the figures …