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Broadbent echoes Bailey's views on lots of information on quantity side of the labour market

BOE
  • Broadbent says on the quantity side of labour market - have a lot of information - "reasonably good real time indicators".
  • He says where we have less is where we have unemployment or ratio of vacancies to unemployment. And whether people are inactive or unemployed. That is done by asking households and that therefore relies on the LFS.
  • This is again all in line with Bailey's comments last week.

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