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14th Feb 2023 16:18U.K., Daily Monitor

  • Ignore the headlines that wage growth still is rising; the MPC's preferred measure dropped in December.
  • Strikes can't explain the dip; the real driver is falling labour demand meeting increasing labour supply.
  • Private-sector wage growth will slow further as redundancies pick up and job-to-job flows normalise.

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Keywords for: 15 Feb 2023 UK Monitor

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