In July 2022, the US labour market produced reasonable growth in employment but at the same time the participation rate fell.
The fall in the official unemployment rate was all down to the declining participation rate.
There are no fundamental wage pressures emerging at present despite the spikes in inflation arising from supply chain constraints.
Real wages fell for the fourth consecutive month.
“Europe’s problem is the German élite’s mindset, informed by a mercantilist model that insists on domestic wage and fiscal moderation.” Read here
The European Trade Union Confederation’s press release on the European Commission’s proposals to reform the EU’s internal electricity market design. Read the article HERE.
Comparison of the treatment of Josep Borrell and Thierry Breton suggests neither rigour nor consistency on the part of the European Parliament. Read here
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