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12th May 2025 17:46UKDaily Monitor

  • The labour market is easing gradually, and vacancies suggest the market is now a little ‘loose’.
  • But March and April look like the low point for jobs, with jobless claims steady and redundancies falling.
  • Pay growth is stronger than slack suggests, and too punchy to deliver sustainable 2% inflation soon.

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Keywords for: 14 May 2025 UK Monitor

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