Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

19th Jul 2022 14:33U.K., Daily Monitor

The Governor emphasised at Mansion House that the drop in the workforce has been a key driver of rate rises.

So its 0.8% 3m/3m rise in May, the largest since 1984, should ensure the MPC sticks to a 25bp hike in August.

The workforce has scope to rebound further, while vacancy and survey data imply job growth will slow.

PDF

employment government January job growth June labour labour market March May monetary policy mpc payroll policy private sector wage growth q2 survey data unemployment unemployment rate us wage growth wages

This publication is only available to U.K. (Monitor) subscribers

Related Publications

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research
 

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States

Eurozone

United Kingdom

China +

Emerging Asia

Latin America

Next

 
Consistently Right
Access Key Enabled Navigation
Keywords for: Reviving Workforce Growth Eases the Pressure for Large Rate Hikes

employment, government, January, job growth, June, labour, labour market, March, May, monetary policy, mpc, payroll, policy, private sector wage growth, q2, survey data, unemployment, unemployment rate, us, wage growth, wages, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence