House prices remain remarkably stable
The high unemployment and corporate failures predicted during Covid have not materialised while the housing market has also held up.
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The high unemployment and corporate failures predicted during Covid have not materialised while the housing market has also held up.
As clumsy and uncaring as Mel Stride sounded, there is basic common sense in the premise that, if you want to maintain your lifestyle into old age, you should carry on working for longer.
Economists expect household spending to contract by 0.4% this year before returning to growth in 2024.
While the labour market remains tight, the latest figures signal a departure from the weird dynamics of a year ago.
It looks as if we are close to a turning point in terms of job opportunities and unemployment.
Despite having the world’s largest youth population, educated jobseekers in India have found it increasingly hard to find work, prompting them to take on menial jobs or relocate abroad.
Shortages of lorry drivers, hospitality staff and agricultural workers are the exception, not the rule.
The generation born in the 90s is profoundly miserable.
School leavers have been among the most badly hurt by the pandemic because of the lack of careers advice and pastoral support.
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