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8th Dec 2022 16:00U.K., Daily Monitor

  • We think growth in PAYE employee numbers slowed to 0.1% m/m in November, and will turn negative in Q1.
  • Employment surveys have weakened, redundancies have mean-reverted and slack indicators have risen.
  • Private-sector wage growth has peaked, but be on alert for a jump in public sector pay in October's data.

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Keywords for: 9 Dec 2022 UK Monitor

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