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5th Jul 2023 18:32U.K., Daily Monitor

  • We think three-month-on-three-month growth in employment halved to 125K in May, from 250K in April.
  • Surveys are a mixed bag, but growth will be depressed by the exit of an anomalous cohort from the sample.
  • Wage growth should slow now that the National Living Wage hike is in the past; PAYE data point to a slowdown.

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Keywords for: 7 July 2023 UK Monitor

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