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9th Sep 2024 17:51UKDaily Monitor

  • Job growth slowed in H1, but surveys suggest hiring is improving, while redundancies remain low.
  • Pay growth continues to ease, but less than AWE shows, and it remains too high for comfort.
  • The labour market is loosening gradually but is far from collapsing; the MPC can afford to wait. 

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Keywords for: 11 September 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence