Overall good news on the labour market for employment – but much less so for productivity and real wages

Brinkley, Ian (2014) Overall good news on the labour market for employment – but much less so for productivity and real wages [Online resource]
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Though the employment figures released yesterday, showing a big drop in the unemployment rate, were remarkably good, there is an awful lot of head scratching going on. This is because job creation has been comfortably outpacing economic growth, and productivity performance as measured by GDP per hour has been dire, writes Ian Brinkley.


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