Berry, Mike
September 2004
Personnel Today;9/7/2004, p74
Trade Publication
This article presents information on several business indices. Consumer Price Index inflation rose to 1.6 per cent in June, up from 1.5 per cent in May. The largest upward influence came from recreation and culture. Labour market statistics show an unchanged unemployment rate compared with the previous period. Growth in average earnings, excluding bonuses, is up slightly to 4.2 per cent from last month's figure of 4.1 per cent. Total hours worked per week fell by 1.3 million hours to 904 million hours, reflecting the fall in employment. The number of people in employment is down, but there are more job vacancies than a year ago. The Recruitment Confidence Index shows that employers' expected recruitment activity has fallen back slightly since spring 2004. The creative industries continue to strengthen, and have improved on last month's high by increasing job creation by more than 400 per cent on this time last year, according to the July 2004 Mandis/Adecco Job Creation Index.


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