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Tag: wages

Construction jobs slump to lowest level since 2003

Construction jobs slump to lowest level since 2003

Construction lost a further 24,000 jobs in the first quarter of this year with the number of workforce jobs dropping to its lowest level since mid 2003. The labour market statistics provide further evidence of the slump in construction activity. Although it is worth bearing in mind that the more jobs rich repair and maintenance sectors have taken more of a beating than the new work sectors of construction. This would mean proportionately more jobs lost for a given drop in overall…

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Inflation rate will fall next month, probably, but it needs to fall sharply

Inflation rate will fall next month, probably, but it needs to fall sharply

The first look at the inflation figures provide plenty of room to be very pessimistic if you owe lots of money and are on a tight budget. The jump in the CPI measure of inflation to 4.4% in February was more than many forecasters had expected. It will inevitably add to pressure on the Bank of England’s Monetary Policy Committee to raise interest rates – if for no other reason than a perceived need to restore its dented confidence. For the…

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