World Recovery Creates Seismic Event ... Tectonic Plates Have Shifted ...
Two early morning sessions this week. It was our Quarterly economics update with Protiviti and Robert Half on Thursday. On Friday, we were presenting at the ICAEW Virtual Economic Summit.
The challenge, how best to explain the vagaries of recovery with concerns about supply shortages, recruitment difficulties and energy cost spikes. Questions about possible stagflation were in the "virtual" room. Concerns were expressed about growth and recovery prospects.
Unemployment fell to 1.5 million. Vacancies increased to 1.1 million. The unemployment rate fell to 4.5%. The earnings rate slowed to 7.2%. The furlough scheme closed at the end of September. The expectation is most of the estimated one million on furlough, will be absorbed back into work or into the workforce more generally. Check out the latest update ...