Economy the chart

Labour market data: good news or bad?

Andy Fyers
Thu, 04 Aug 2022

Labour market data: good news or bad?
Unemployment is low and wages are up, but inflation still looms large. (Image: Depositphotos)
Andy Fyers
Thu, 04 Aug 2022
Wednesday's release of labour market data reinforced that we live in slightly unusual economic times.All eyes were on evidence of significant pay increases that might herald the beginning of a wage-price spiral, and sure enough, there was data to show the pay increases are accelerating at the fastest rate in more than a decade.There was also a widespread expectation that unemployment would fall again, but instead, it increased, suggesting a slight cooling off of a still very tight labour market.Ordinarily, low unemployment paired with big p...

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