Conflicting Macro Data Causes Severe Headaches for the BoE

In the U.K., both wages and inflation came in hotter than expected. Meanwhile, the unemployment rate edged up and payroll jobs saw a steep decline, indicating a rapidly weakening labor market.

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The French economy has been outperforming thanks to fashionable exports, favorable demographics, and an attractive investment environment.

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#Resignation

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Quits rates are at an all time high, reaching 3.0% in November of 2021. Interpreting this trend has two camps: a cultural shift where people have a lower willingness to work, or a cyclic pattern exhibited during times of quick economic recovery.
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