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10th May 2023 15:25U.K., Daily Monitor

  • PAYE data point to steady growth in employment in March, but more reliable surveys point to stagnation.
  • The workforce is recovering, but sampling issues likely prevented the unemployment rate from rising in March.
  • Easing recruitment difficulties imply private-sector pay growth eased; strikes perhaps hit public-sector pay too.

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Keywords for: 11 May 2023 UK Monitor

employment, growth, June, labour, labour market, May, mpc, surveys, uk, unemployment, unemployment rate, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence