While the jobless rate held steady in October, the job-to-applicant ratio is approaching the record-highs from the early-1990s. However, the tighter labour market has yet to translate into a visible rebound in consumer spending.
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