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Joint Statement: China and Russia are to deepen military cooperation and expand joint drills
CHINA-RUSSIA JOINT STATEMENT: CHINA AND RUSSIA (CORRECTED, NOT US) ARE TO DEEPEN MILITARY COOPERATION AND EXPAND JOINT DRILLS.
— FinancialJuice (@financialjuice) May 16, 2024
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Three of the G10 currencies rose by more than 1% against the US dollar yesterday after the softer inflation and weak retail sales readings. The Dollar Index lost almost 0.65% ...
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Many thanks for hosting me at Make UK. Given the interests of this group and the challenges I’m told some of you have faced with recruitment, I thought I would spend some time taking a deep-dive into recent UK labour market developments. Over the last 2-3 years, we have seen a historically tight labour market, driven by recruitment difficulties as the pandemic likely caused structural shifts. I aim to focus on two puzzles that have been a feature of this period. First, unemployment has remained at historically low levels despite subdued economic growth. And second, wages have remained high amid an easing labour market and inflation expectations. Labour hoarding may partially explain both. Before I dive into these puzzles, it’s important to define what we mean by labour hoarding. Firms are said to hoard labour when they choose not to adjust employment in line with short-term fluctuations in demandfootnote[1]. This happens all the time, and can save firms costs on things like recruitment and training. Today I want to look at whether there has been evidence of excess labour hoarding, beyond what can be considered normal. post: BANK OF ENGLAND'S GREENE SAYS INFLATION PERSISTENCE HAS WANED SINCE I JOINED THE MPC LAST JULY post: BOE’S GREENE: I THINK THE BURDEN OF PROOF NEEDS TO LIE IN INFLATION PERSISTENCE CONTINUING TO WANE. post: BOE’S GREENE: DATA RELEASED AHEAD OF OUR NEXT MEETING WILL GIVE A CLEARER INDICATION OF HOW FAR ALONG THE LAST MILE WE HAVE COME. post: BOE’S GREENE: WHILE I THINK EXCESS LABOUR HOARDING HAS FADED FROM ITS PEAK, IT STILL POSES A TWO-SIDED RISK TO OUR OUTLOOK.
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- Posted: May 16, 2024 6:51am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,425