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11th Nov 2024 19:09UKDaily Monitor

  • A gently easing labour market will allow the MPC to keep cutting rates only gradually.
  • The unemployment rate surged in September, but that was data noise; the trend remains a slow rise.
  • Wage growth is still proving stubborn, as the labour market remains tight, even if it has loosened.

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Keywords for: 13 November 2024 UK Monitor

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