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20th Jan 2023 15:31U.K., Daily Monitor

  • The MPC likely will merely nudge up its estimate of the neutral unemployment rate to 4.50%, from 4.25%.
  • Wage data are inconclusive; a real-terms drop surely would have been avoided if the job market was very tight.
  • The high job finding rate, low job destruction rate, and scope for high immigration point to a still-low NAIRU.

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Keywords for: 24 Jan 2023 UK Monitor

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