Sun. Oct 25th, 2020

Young people and part-time workers hit by fall in UK employment – business live

Number of people in work across Britain has fallen by the most since 2015

12.37pm GMT

Over in Germany, economic confidence has bounced back from its recent slump – an encouraging signal.

The ZEW Institute’s sentiment index has come in at -1, up from -23.5 in October. Although still in negative territory, it suggests investors are less gloomy.

“Hope is growing that the political and economic environment will improve in the near future.”

Finally some good news from Germany as the ZEW economic sentiment index jumped in November. However, economists’ expectations say little about actual GDP-growth. The more relevant “current conditions” increased only marginally, but at least it did not drop further #macrobond pic.twitter.com/5B3EUGMwEn

11.59am GMT

UK jobs reaction summary: generally negative
‘No sharp downturn’
‘showing more signs of strain’
‘labour demand is holding up better than the headline job numbers suggest.’
‘paint a worrying picture’
‘starting to sag’

Continue reading…Number of people in work across Britain has fallen by the most since 2015Latest: Young people and part-time workers hitUK employment down by 58,000 in last quarterBiggest drop in employment since 2015The key chartsWage growth slows to 3.6% 12.37pm GMTOver in Germany, economic confidence has bounced back from its recent slump – an encouraging signal.The ZEW Institute’s sentiment index has come in at -1, up from -23.5 in October. Although still in negative territory, it suggests investors are less gloomy.“Hope is growing that the political and economic environment will improve in the near future.”Finally some good news from Germany as the ZEW economic sentiment index jumped in November. However, economists’ expectations say little about actual GDP-growth. The more relevant “current conditions” increased only marginally, but at least it did not drop further #macrobond pic.twitter.com/5B3EUGMwEn 11.59am GMTUK jobs reaction summary: generally negative’No sharp downturn’ ‘showing more signs of strain”labour demand is holding up better than the headline job numbers suggest.”paint a worrying picture”starting to sag’ Continue reading…

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