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9th Aug 2023 20:25U.K., Daily Monitor

  • Adzuna’s measure of vacancies on August 4 was 0.5% below its July average; redundancies are trending higher.
  • The unemployment likely will hit the MPC’s estimate of its equilibrium rate in Q4, two quarters before it expects.
  • July’s RICS survey shows that house purchase demand remains much weaker than supply; prices will fall further.

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Keywords for: 11 August 2023 UK Monitor

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