A British Jobs Market Mystery
By some measures the jobs market has never been tighter. But wage growth is slipping and there are an awful lot of missing workers.
On the face of it this week’s UK inflation numbers made for grim reading. The headline figure of CPI rising at an annual pace of 5.4% was above most estimates. That said, there where a few reasons for optimism.
Producer price inflation eased a touch, and whilst it is volatile series, that might be a sign we are approaching an abating of consumer inflatio…