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Podcast: Beyond Currency
Episode: 15th December 2021 - Job vacancies hit a record
Description: "If the Monetary Policy Committee was waiting for the employment data before making up its collective mind over tightening monetary policy, yesterday’s November report should have eased any concerns.
The unemployment rate fell to 4.2% from 4.3% in October.
Despite the fall in the unemployment rate, unfilled vacancies also reached a record high. The end of the Government’s furlough scheme appears to have had negligible effect on hiring, with 257k new jobs created, the single biggest monthly rise since 2014.
One of the concerns that had been voiced by members of the MPC was what effect the removal of the furlough sche...