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13th May 2024 17:32UKDaily Monitor

  • Sharply falling LFS employment suggests the labour market is easing quickly.
  • But those data are misleading, and PAYE jobs will be revised up; the labour market is easing gradually.
  • The MPC needs to brace for another strong pay gain in April, but will likely cut in June nonetheless.

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Keywords for: 15 May 2024 UK Monitor

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