Analysis: Employees are in a strong position, but the Bank will be keen to avoid a wage-price spiral
was hit by two big shocks towards the end of 2021 – the end of the government’s furlough scheme and the arrival of the Omicron variant.is both were negotiated without the feared lengthening of the dole queues. Employment is up, job vacancies are at a new record high and the unemployment rate is down.
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