To The Moon

Wage growth is failing to keep pace with excessive inflation. The squeeze is most intense for lower-income workers who are typically most likely to spend income.

• The shrinking UK labour market drove another 11bps decline in the unemployment rate to 3.8% in Feb-22. Average hours are continuing to rebound rather than headcount.
• People over 50 are voluntarily leaving work with little interest in returning, which makes it unlikely they will be available to fulfil high business demand for labour.
• Wage growth is failing to keep pace with excessive inflation. The squeeze is most intense for lower-income workers who are typically most likely to spend income.

By Phil Rush - https://www.smartkarma.com/profiles/phil-rush?utm_source=tiger_community

On Macroeconomics - https://www.smartkarma.com/collections/macro?utm_source=tiger_community