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10th Aug 2022 15:46U.K., Daily Monitor

PAYE data, vacancy figures and business surveys all suggest employment growth slowed in June and July.

Labour supply, however, is picking up; the unemployment rate likely was marginally higher in Q2 than in Q1.

Wages likely continued to rise in June at a rate inconsistent with the inflation target, but probably didn't speed up.

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business surveys composite pmi cpi cpi inflation education employee numbers employment employment growth headline rate July June labour labour demand labour force labour market May mpc ONS paye payroll pmi q2 savings summer surveys wage growth

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Keywords for: 11 Aug 2022 UK Monitor

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