Pantheon Macroeconomics

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11th Oct 2022 15:15U.K., Daily Monitor

  • Employment was broadly flat in Q3, but the recent jump in firms' borrowing costs signals a big fall ahead.
  • Long-term sickness looks set to rise further, but government policies likely will boost the workforce in 2023.
  • We expect the unemployment rate to peak at about 5.5%, easily high enough to subdue wage growth.

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Keywords for: 12 Oct 2022 UK Monitor

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