So What Can We Learn From The Latest Jobs Data ...
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The Saturday EconomistThe latest data on jobs and unemployment were released this week. So what can we learn from the data? Unemployment fell to 1.425 million. The level is down by 120,000 compared to the same period last year. Unemployment fell by 45,000 in the first quarter of 2018 ...
This encourages further doubts about the suggested weakness of growth figures in the first quarter. The initial estimate of growth was just 1.2% in Q1. Our forecasts for the current year had to be reduced from 1.8% to 1.5% as a result. The Bank decided to keep rates on hold following the weakness of the data. The implication of the latest data is, growth estimates may have been too pessimistic, especially in construction. Check out the update here JKA |
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