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Aggregate hours still gloomy reading

UK DATA
  • UK aggregate hours worked now at 891 million in the Jul-Sep period showing little improvement since last month's report.
  • This was 1,052 million in the Dec-Feb period (so we are still over 15% below that level).
  • Aggregate hours reached a low of 842 million in Apr-Jun (so we have only made up around a quarter of the hours lost).

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