UK: jobs making all the right moves at end-19
- Employment maintained rapid growth in 4Q19 at 180k, in line with my forecast. Sampling effects have exaggerated the upswing after similarly distorting its downturn, but the resilient underlying message is now consistently reflected.- Jobseekers now have a record high propensity to find work, while the net flow of jobs is surging towards higher-skilled work, in further encouraging signs.
- Inflationary pressures are building as wage growth has weakened far less than productivity, which was hit by temporary output distortions. The downtrend in measures of slack has continued, and vacancies have recovered 25% of their dip.
Heteronomics provides UK-centric macro research. A hallmark attention to detail delivers a depth of analysis beyond what the sell side now delivers. Clients can also experience events that privately provide insights on these topics. Have a bespoke request for research or an event? Let us know. Clients can expect assistance with their own requirements to the extent it doesn't impinge upon other clients. Think of it as retaining an expert economist, without the large overhead.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.