UK inflation: doubts behind the jobless numbers
Article Abstract:
UK unemployment is dropping in fall 1996 and there is concern that this couldlead to wage inflation. Some people have simply dropped ou of the labor market so a drop in unemployment does not automatically lead to wage inflation. Part-time jobs have been created at a faster rate than full-time jobs since 1992, and this implies hidden unemployment if the part-timers want full-time work. Yet this applies to only 13.5% of part-timers, according to a government survey. There is also a debate on data for earnings rises since government figures contradict those of the Confederation of British Industry.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
UK money supply: money's message
Article Abstract:
The Bank of England is concerned that a change in the composition of broad money or M4 could create inflationary pressures. Companies and households have increased their money holdings, while financial institutions have slowed their growth of bank deposits. The risk of inflation depends on a number of factors such as the extent of spare capacity in the economy, the willingness of people to hold funds and the extent to which they will be spent on financial assets rather than goods and services.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Transaction costs and slaughter cattle procurement: processors' selection of supply channels. Information asymmetry and the role of traceability systems
- Abstracts: UK interest rates: cuts coming. UK: cuts possible. Base rates: come on down
- Abstracts: How to cash in on the movies. Profit record shattered. Canal Plus: Hollywood dreams fade
- Abstracts: Crop diversification seen as the way ahead. Agriculture: private ownership returns to the land
- Abstracts: How tiddlers become big hitters. Book trade opts for price free-for-all