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)
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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

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