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20th Jan 2025 18:24UKDaily Monitor

  • The labour market is stronger than payrolls show; revisions should raise December’s drop to no change.
  • Redundancies remain low and jobless claims show little sign of a sharp labour-market downturn.
  • The MPC will ease in February, but strong wage growth blocks rapid interest rate reductions this year.

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Keywords for: 22 January 2024 UK Monitor

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