Wednesday 26 June 2013
The bulletin provides a quarterly snapshot of the Guernsey labour market using claimant and contribution data provided by the States of Guernsey Social Security Department.
Dr Andy Sloan, States Economist, said:
"There are no great surprises in the latest bulletin. The labour market continued to experience weakness in the first quarter - most likely reflecting the dampened conditions in the latter half of 2012, when I suspect profit levels were generally lower than had been expected earlier in the year. However, taken as a whole, we still expect 2013 to be mildly brighter than 2012, following improvement in confidence in economic conditions which is being led by the US, UK and Germany. As such, we still expect the labour market to pick up in the second half of the year. That said, events could still change things. For instance, the recent monetary tightening signalled by the Federal Reserve and supported by the Bank for International Settlements has still to be fully digested and factored in by economists and forecasters."
To access the bulletin, click here.
