This is a preview. View original post on this site
Economic growth in the U.K. has surprised on the upside
This week’s employment report showed some good news on the jobs front. The U.K. labor market added some 15,000 payroll jobs in June and close to 54,000 jobs in May, much higher than previously estimated (the May number was initially negative). While the pace of job creation has slowed compared to a couple of years ago, it has remained positive.
Economic projections for the U.K. economy have consistently been too pessimistic. At the beginning of the year, most forecasters assumed that the economy would be stagnant throughout