After adjusting the data to strip out the temporary boost from the Census, we estimate that employment fell by around 14,000 in August. While we aren’t too concerned about the outlook for employment, it seems clear that the labour market is not going to generate much inflationary pressure for a while yet.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services