Wednesday, May 17, 2006

Jobs in manufacturing hits 28 year low

BBC: Unemployment at four-year record

Manufacturing jobs at lowest level since records began in 1978.
Number of people out of work hits 4 year high.

Posted by denzil @ 02:25 PM (623 views)
Add Comment
Report Article

2 Comments

1. sirgoogle said...

"The Bank of England closely watches this index, and has often argued that any increase in wages above 4.5% could be inflationary" Figure for average earnings was 4.2%.

Guess that this means that the IR will stay at 4.5% for the foreseeable future.

Wednesday, May 17, 2006 07:43PM Report Comment
 

2. sirgoogle said...

Reading the FT Article and the BBC Article now, I think I side with the FT - Interest rates should go up in June or later in the Summer - as the Fed and ECB are likely to raise their rates in June - and the BoE will not want to be left out as it may cause a run on the pound as investors switch to the Euro.

Thursday, May 18, 2006 04:51AM Report Comment
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies