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16th Dec 2015 06:12U.K., Economic Monitor

Rapid growth in labour supply has enabled the U.K. economy to grow quickly over the last three years without generating excessive wage or inflation pressure. The rise in the participation rate--the proportion of those aged over 16 in or looking for work--has been critical to this revival. But the rise in the participation rate largely has reflected cyclical factors rather than a sustainable upward trend, and the downward pressure on participation from demographic factors will build over the coming years.

labour inflation retirement growth wage wages euro europe households e.u. u.k. gdp eurozone jobs job market

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Keywords for: 16 Dec. 2015 The Cyclical Rise in Labour Participation Has Run Its Course

labour, inflation, retirement, growth, wage, wages, euro, europe, households, e.u., u.k., gdp, eurozone, jobs, job market,