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16th May 2023 15:12U.K., Daily Monitor

  • Wage growth in March matched the MPC’s expectations; most surveys point to an ongoing slowdown.
  • Employee numbers fell sharply in April; the drop likely will not be completely revised away.
  • Labour supply, by contrast, will continue to rise quickly, lifting unemployment further above the MPC’s forecast.

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Keywords for: 17 May 2023 UK Monitor

March, May, mpc, surveys, unemployment, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence