In this study, we established a new framework to analyse, model, and forecast labour market outcomes in the UK’s healthcare sector, particularly in England. Through an SECM that includes several exogenous controls, we find that labour demand and supply are highly inelastic regarding real wages ...
As of writing, economists estimate US CPI inflation to remain unchanged in the twelve months to February, matching January’s reading of 3.1% (the estimate range is currently between 3.1% and 3.0%). On a monthly basis, headline CPI is forecast to rise 0.4% versus the 0.3% rise in ...
Inflation targetingMonetary policyFedInterest ratesProductivity growthMultivariate time seriesA wage-price-setting model was modified to forecast U.S. inflation over 1- to 3-year horizons, using past inflation, productivity growth and interest rates as pDo, Nguyen...
The Office for National Statistics (ONS) said average earnings, excluding bonuses, grew at 7.2% over the 12 months - up from the 6.7% recorded in March and higher than the 6.9% forecast by a Reuters poll of economists. While that figure is still below the rate of inflation, it represents...
After a roaring 2023 and 2024, what will 2025 bring for the stock market? Jeff ReevesJan. 3, 2025 11 Spot Bitcoin ETFs to Buy in 2025 Spot Bitcoin ETFs have been out for almost a year now. Here's a look at all the available options. ...
Inflation across central Europe, where prices rocketed after Russia's 2022 invasion of neighbouring Ukraine and slammed the brakes on economic growth, slumped at the start of the year, allowing central banks to normalise monetary policy. But now, strong wage growth in some ...
NEW YORK (AP) — A federal judge ruled that minor leaguers are year-round employees who work during training time and found Major League Baseball violated Arizona state minimum wage law and is liable for triple damages.
Inflation fell back to the 2% target in May and remained there in June but statistical base effects are expected to lift it back to 2.3% when data for July are released on Wednesday. The Bank of England remains concerned about the high level of inflation in the services se...
“The labour market is emitting enough upward inflation pressure to dissuade the MPC [Monetary Policy Committee] from cutting interest rates over the coming months,” said Samuel Tombs, chief UK economist at Pantheon Macroeconomics, a consultancy. ...
greater amplitude of commodity prices; the key leading indicator of inflation is the level and plans to increase the federal minimum wage (FMW), as a reflection of the indexation of budget expenditures; there are usually two inflation spikes, with an intermediate fading to lower inflation ...