Bridgewater: UK Labor Markets Have Improved Dramatically

UK labor markets have improved dramatically in recent months: that’s the view of Bridgewater’s Jason Rotenberg and Spencer Gaffney as published in one of the fund manager’s Daily Observations notes. Recent labor market dynamics have improved significantly compared to earlier in the cycle when many jobs being created were low-paying, and wage inflation was weak. Wage growth has now improved, off the lows but still modest and more high-quality, full-time jobs are being added. Surpassing expectations The UK is an attractive economy to study. The country’s economic growth has exceeded expectations during the past few years and at one point…