The riddle of the labour market

Article Abstract:

The figures for unemployment in the UK in Jul 1995 are being interpreted by some observers as an indication that the labour market continues to perform poorly. In contrast, the government claims that there has been an underlying improvement. Unemployment fell quickly after the low in economic activity in 1992, and wage inflation has hardly been above retail price inflation in recent months. However, it is still too soon to state that the labour market is firmly on the road to recovery.

Labor market

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Goodbye to all that tosh about wage/price spirals

Article Abstract:

The economic recovery of the 1990s has been characterised by the ending of the traditional link between wages and prices, in which rising prices pushed up wages. The annual rate of increase in underlying earnings remained static at 3.25% in Dec 1995, and retail price inflation was greater than earnings growth in 1995 as a whole. There are now reasonable prospects for lower long-term inflation and unemployment.

Column, Inflation (Finance), Inflation (Economics)

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Bundesbank cuts rates and eases UK pressure

Article Abstract:

The German Bundesbank has cut the key discount rate from 4.5% to 4%, leading to a sharp fall in the German mark against the dollar and sterling. The move has reduced pressure for an early interest rate rise in the UK, with the London stock market rising to its highest level for almost seven months. The cut in German rates was soon followed by similar reductions in Belgium, Switzerland and the Netherlands.

Germany, Interest rates

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