Labour market data published this week has raised valid concerns about a structural rise in youth unemployment. But while it is too early to rule that out, the rise so far is not that much more than you would expect when the labour market is weakening. This lends support to our view that the Bank of England will cut interest rates three times to 3.00% this year, the first of which we now expect in March.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services