26 June 2025 UK Monitor Payroll data have gone haywire; job growth is likely improving
24th Jun 2025 09:07UKDaily Monitor
- Official payroll data are vastly exaggerating the weakness in the job market, in our view.
- May’s payrolls reading is especially unreliable, while the official data have diverged hugely from surveys.
- Job vacancies seem to be stabilising, redundancies are low and jobless claims are down since October.
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