Pantheon Macroeconomics

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15th Mar 2022 18:00U.K., Daily Monitor

  • Employment is trending up gradually, not falling as the LFS data imply or surging as the PAYE figures indicate.
  • Growth in the workforce should rise this year, as inactivity declines and immigration recovers...
  • ...This will slow the tightening of the labour market and ensure wages continue to rise more slowly than prices.

employee numbers employees employment headline rate January labour labour force labour market labour market data mpc paye payroll unemployment wage growth wage pressures wages

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Keywords for: The Workforce will Recover this Year, Keeping Wage Pressures in Check

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