Our econometric model suggests that jobs growth was a little bit weaker in April, with payrolls increasing by around 175,000, down from the average rise of 200,000 in the previous two months. This may not be enough to reduce the unemployment rate from 8.8% in March. Meanwhile, we don't expect to see any significant evidence that higher consumer prices are feeding through into faster wage growth.
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