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8th Sep 2025 17:28UKDaily Monitor
  • We expect payrolls to fall by 10K in July and August, assuming the usual revisions.
  • Vacancies are stable or recovering according to private-sector data; the official data will follow suit.
  • Pay growth is moderating only slowly as high inflation expectations and stabilising jobs sustain wage gains.

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Keywords for: 10 September 2025 UK Monitor

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