The Caithness Business Index has posted the following article:

Tight Labour Market Shows Signs Of Cooling As Pandemic Recovery May Be Running Out Of Steam

[IMG][/IMG] High inflation is causing real pay packets to shrink at their fastest rate in a decade, while the slowdown in growth may be causing the tight labour market to cool as unemployment ticks up, the Resolution Foundation said in response to the latest ONS labour market statistics. With CPI inflation hitting a 40-year high, real (CPIH-adjusted) regular pay fell by 2.2 per cent - the fastest fall since 2011. [Read Full Article]