John Hawksworth on Unemployment

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Last quote by John Hawksworth on Unemployment

In the 1970s or 1980s such low unemployment, combined with inflation rising towards 3%, could have set off a wage-price spiral. Real earnings growth remains deep in negative territory and this seems unlikely to change any time soon. This will dampen consumer spending power, though the continued strength of the jobs market should prevent the recent slowdown in the economy turning into a recession.feedback
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Jul 12 2017
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