Wednesday, April 16, 2008
Job market remains robust
Posted by David Smith at 11:15 AM
Category: Thoughts and responses

After yesterday's inflation numbers, which were better than analysts expected, some more good news in the labour market data. While the drop in the claimant count slowed to a crawl, just 1,200 to 794,300 last month, employment was strong, up 152,000 to a record 29.5m in the December-February quarter. Average earnings growth remained comfortably below 4%, 3.7% including bonuses. More details here.