Most if not all central banks are tasked with maintaining price stability and full employment. This section looks at recent employment trends and what they might mean for monetary policy around the world.
On the whole, labour markets in key global economies continued to improve. Brazil’s unemployment rate unexpectedly fell in December, though it is hard to conclude at this point that this is definitively good news in light of rising inflation and the nasty recession that Brazil is experiencing currently.
Published in Investment Letter, February 2016
The views expressed in this communication are those of Peter Elston at the time of writing and are subject to change without notice. They do not constitute investment advice and whilst all reasonable efforts have been used to ensure the accuracy of the information contained in this communication, the reliability, completeness or accuracy of the content cannot be guaranteed. This communication provides information for professional use only and should not be relied upon by retail investors as the sole basis for investment.