A decline in frictional unemployment and shifts in the composition of the labour force, which is now on average older and better educated, mean that the so-called natural unemployment rate has fallen...

The Fed is almost certain to raise interest rates at its policy meeting next week, but faces a growing dilemma over its plans for the rest of the year. Core inflation has dropped back recently, while...

The slowdown in payroll employment growth over the past year or so has been concentrated in low wage occupations, indicating that the overall mix of jobs being created has improved. This makes the...

The rise in real consumption in April, following an upwardly revised gain in March means that a sharp increase in consumption growth in the second quarter is now largely baked in the cake. Following...