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UK employment provides a little cheer in difficult times
This morning has brought us a reminder that economic statistics do not always sing from the same hymn sheet. We have seen disappointing monthly output ( GDP) figures for the UK economy establishing something of a poor background and yet this morning we are told this. Payrolled employment increased by 20,000 employees (0.1%) in February 2026, compared with January 2026; figures for February should…
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A good day for economics 101 is a bad day for the Unemployed and UK Chancellor Rachel Reeves
It is hard not to have a wry smile at the timing of the UK jobs and wages figures being published the day after a parliamentary inquiry into UK official statistics and in particular these figures starts. There is an attempted response to this from the Office for National Statistics but first there is something that rather leaps off the page or screen depending on where you are viewing it. Over…
The decline in UK payrolled employment is worrying for economic prospects
Last week brought some welcome economic news for the UK as we were told by the Office for National Statistics that we had seen a strong start to 2025 in terms of economic growth and GDP. However this morning has brought news from the same source that should be deeply troubling for UK Chancellor Rachel Reeves. Estimates for payrolled employees in the UK decreased by 8,000 (0.0%) between January…
If only the UK had issued the 100 year or century bonds ( Gilts) I suggested
If only the UK had issued the 100 year or century bonds ( Gilts) I suggested
The UK finds itself in the eye of a bit of a financial storm and let me start by showing in a way that takes us back in time. The unemployment rate for June to August 2022 decreased by 0.3 percentage points on the quarter to 3.5%, the lowest rate since December to February 1974. Using that measure the UK labour market looks extremely tight. I was only explaining on Twitter last night that it used…
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