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gruffydd

Boe's Worst Inflation Fears Coming True

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"A report from the Recruitment and Employment Confederation suggested the labour market is in good shape. Its report, sponsored by KPMG and which draws on data from recruitment agencies and job adverts, showed permanent job placements rose at their fastest pace in 14 months last month. Skills shortages increased, contributing to a further robust rise in wages and salaries."

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"A report from the Recruitment and Employment Confederation suggested the labour market is in good shape. Its report, sponsored by KPMG and which draws on data from recruitment agencies and job adverts, showed permanent job placements rose at their fastest pace in 14 months last month. Skills shortages increased, contributing to a further robust rise in wages and salaries."

That'll be 0.25% increase in March then. Just pencilled that in.

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"A report from the Recruitment and Employment Confederation suggested the labour market is in good shape. Its report, sponsored by KPMG and which draws on data from recruitment agencies and job adverts, showed permanent job placements rose at their fastest pace in 14 months last month. Skills shortages increased, contributing to a further robust rise in wages and salaries."

Lovely, that'll pee off the public sector unions who are apparently going to be nailed to the floor with a 2% wage increase "in line with inflation",

According to the ONS standard model your average citizen has no need for shelter, lives in the park, pays not council tax, doesn't drive a car or anything that requires oil (remember "the core rate"), but is actually a gadget obsessed junkie who buys 10 new DVD players and 20 chinese made underpants each week yet apparently doesn't have the need for any services or utilities.

Just an average day in the happy clappy world of the statistics office.

Edited by BuyingBear

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I usually keep an eye on the number of jobs in the local paper. Recently it has been around 12/13 pages a week (Cambridge). Just before Christmas it dropped to about 8 pages and last week it was 41/2...a lull or a drop? Well, this week it's at a high - 21 pages! So yes, no signs of a weakening labour market here.

Although there is evidence of a high degree of churn and virtually none of the jobs pays enough to buy a squalid one-bedder; the wages for most will only pay for renting in HMOs.

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I'm sure that wage inflation in the services sector is starting to come through now. Take a look at the latest Computer Weekly IT salary survey. Demand is up across the board and salaries are rising. I'm hearing similar things from financial services, especially accounting. The City is also recruiting heavily and the headhunters are out in force.

No way are interest rates coming down.

IT Salary Survey

EDIT: This is a clear sign that IT spend is really coming through. It's no wonder then that Technology stocks are picking up.

Demand by sector Change in demand Q3 05 against Q3 04

Electronics/comms companies +17%

Software houses +34%

Banking/finance +39%

Distribution/retail +18%

Media/publishing +58%

Manufacturing +31%

Public sector +19%

All jobs +19%

Demand by job title Change in demand Q3 05 against Q3 04

Management +18%

Systems +40%

Development +19%

Programmers +11%

PC support +26%

Technical support +46%

Software engineering +8%

Database +35%

Networking +53%

Operations +5%

Web specialists +57%

Demand by regionChange in demand Q3 05 against Q3 04

Inner London +33%

Outer London +30%

Southern England +28%

West & Wales +37%

East Midlands +2%

West Midlands+58%

North West +56%

North East +20%

Scotland & Northern Ireland +53%

Edited by Flash

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on, i think, sky news business report at 5pm ish last night some commentator said that there was an expectation of a "positive surprise" on inflation figures to be announced soon. any idea what this could be?

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on, i think, sky news business report at 5pm ish last night some commentator said that there was an expectation of a "positive surprise" on inflation figures to be announced soon. any idea what this could be?

They've changed the CPI "basket" again so it only reflects goods of asian origin? thus reducing inflation to 0.3%.

Actually, the BoE is usually ahead of us on this as they have advance data - if inflation was rising quickly they'd move rates up (or more likely discuss moving it up and wait and see - lets see the minutes/voting). If inflation was clearly dropping quickly (how?) they'd cut or discuss cutting (again lets see the minutes/voting).

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can not rememeber the name of the company.

but read the article in FT.

the company does the payroll accounting for lots of FTSE 100 companies and stated that the three month moving average was showing wage increases of around 4.5%

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Lovely, that'll pee off the public sector unions who are apparently going to be nailed to the floor with a 2% wage increase "in line with inflation",

According to the ONS standard model your average citizen has no need for shelter, lives in the park, pays not council tax, doesn't drive a car or anything that requires oil (remember "the core rate"), but is actually a gadget obsessed junkie who buys 10 new DVD players and 20 chinese made underpants each week yet apparently doesn't have the need for any services or utilities.

Just an average day in the happy clappy world of the statistics office.

Click on the "average citizen" link then follow through the story to the blog, its fantastic.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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