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Home > News and Publications > The labour market - speech by Michael Saunders

The labour market - speech by Michael Saunders

13 January 2017

​The jobless rate is down to 4.8% and the number of vacancies is around a record high, but pay growth has repeatedly undershot forecasts, with little sign of significantly higher growth in 2017.

In this talk, Michael examines the labour market, and in particular why the response of wage growth to falling unemployment has been limited.

Read the full speech


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