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US News Great Britain: The labor market decelerates, inflation amputates wages

14:30  16 august  2022
14:30  16 august  2022 Source:   liberation.fr

A Fed official pleads in favor of a high increase in rates to bring inflation to 2%

 A Fed official pleads in favor of a high increase in rates to bring inflation to 2% supplied by Tribune Michelle Bowman, a governor of the Fed, speaking before the association of bankers Americans in San Diego, in June 2019. An official of the American Central Bank (Fed) pleaded on Saturday so that the institution continues to highly raise its guiding rates until inflation really decreases. The Fed increased its rates by 0.75 points at the end of July, a much higher increase than the usual quarter.

GB-Economy-Chomage: Great Britain: The labor market is decelerated, inflation ampute wages

GRANDE-BRETAGNE: LE MARCHÉ DU TRAVAIL DÉCÉLÈRE, L'INFLATION AMPUTE LES SALAIRES © Reuters/Toby Melville Grande- Brittany: The labor market decelerates, inflation ampute

London wages (Reuters) - Employment in the United Kingdom remains dynamic but has started to decelerate in the second quarter, show official statistics published on Tuesday, companies braking recruitments And wages excluding inflation spicy nose.

The unemployment rate certainly remained stable at 3.8% on April-June, not far from its lowest level in half a century, despite fears of recession, still relayed at the beginning of the month by the bank of England (BOE).

cost thrust in autumn: 9-euro ticket presses the German inflation for the time being

 cost thrust in autumn: 9-euro ticket presses the German inflation for the time being oil and eggs became more expensive, local transport was cheaper. Overall, the price increase dropped slightly. In autumn, however, experts fear re -inflation. © Photo: Arne Dedert/dpa In the second month in a row, inflation-also because of the nine euro ticket. tank discount and nine euro ticket dropped the German inflation rate in July the second month in a row . On average, goods and services cost 7.5 percent more than a year earlier, as the Federal Statistical Office confirmed an earlier est

But the number of people with a job has increased only by 160,000 compared to the previous quarter, a figure significantly lower than expectations since the economists interviewed by Reuters tapped on 256,000.

The number of unemployed has increased slightly with the return to the job market of thousands in people looking for a position.

The number of posts to be filled, at 1.274 million, remains close to its highest historic level but it has decreased for the first time since mid-2020.

"Even if recruitments slow down, we expect the unemployment rate to remain relatively stable until the end of the year" due to the persistent lack of labor, commented Jake Finney, economist of Pwc.

The Bank of England estimates that the unemployment rate will only start to go back in mid-2013, reaching 6.3% within three years.

Inflation: The rise in prices in Spain reaches 10.8% in July, a record for 38 years

 Inflation: The rise in prices in Spain reaches 10.8% in July, a record for 38 years housing expenses, whose energy, are the main responsible for this increase. © supplied by Franceinfo in Madrid as in Paris, no lull on the front of Inflation . In Spain, prices increased by 10.8% between July 2021 and 2022, according to figures from the National Institute of Statistics (INE) published on Friday August 12. This is 0.6 point more than in June, and a record increase since September 1984.

Statistics published on Tuesday also show an increase of 4.7% of wages excluding premiums in the second quarter compared to the corresponding period last year. But once adjusted to the increase in consumer prices, remuneration accuses a drop of 4.1%, of the unheard of since the start of monitoring this indicator in 2001.

"The extent of the deterioration of wages is Even even more marked than the official figures suggest because the estimated increase in wages remains artificially doped by the effects of the partial unemployment compensation mechanism in force last year, "notes Nye Cominetti, senior economist of the resolution circle Foundation.

The monthly consumer prices figures will be published on Wednesday and the reuters consensus awaits them up 9.8% over one year. The BO is expecting inflation to reach 13.3% in October, at the highest since 1980.

(report William Schomberg and David Milliken, French version Marc Angrand, edited by Kate Entringer)

strike in the United Kingdom: “serious disturbances” to be expected in the logistics chain .
© Ben Stansall The employees of the largest freight port in the United Kingdom have started a movement that could last up to eight days, without social advance. AFP/Ben Stansall of "serious disturbances" in the logistics chain are to be expected. This is what a head of the British union unites while a strike for wages has been underway since Sunday, August 21 in the largest Port of Fret in the United Kingdom.

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