A KPMG report on jobs today is reporting a sharp deceleration in job losses and could be foreshadowing that the worst is over for the UK jobs market. The report showed the slowest decline in full-time workers and part-time jobs in over seven months. The report also showed a decline in wages, but at a much slower rate than had been previously seen. It’s important to note that, like the U.S., the UK is coming off a very deep trough from Q4 and Q1 so any “improvement” must be taken with a grain of salt. As Mike Stevens of KPMG says: “The employment outlook is still worse than at any time in the 11 year history of the survey.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.