bearish

UK: Unemployment’s Second Slackening

223 Views16 May 2023 17:36
The UK unemployment rate increased by 0.1pp for the second consecutive month to 3.9% in Mar-23. Total pay growth remains too rapid and should encourage the BoE to hike by another 25bp in June.
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Phil Rush
Chief Economist
Heteronomics
United KingdomMulti-AssetMacroeconomicsCross Asset Strategy
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