UK online vacancies holding up

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Posted on Monday, January 16, 2012 at 02:49PM by

Simon Ward |

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It is anyone’s guess what GDP number official statisticians will manufacture next week but resilient online job demand suggests that the economy flatlined rather than contracted in the fourth quarter.

The chart shows a monthly GDP estimate derived from output data covering services, industry and construction together with a seasonally-adjusted version of the Monster employment index – a tally of online vacancies posted on career websites and job boards (not just Monster’s). Both GDP and the index dipped in October but the latter rallied in November / December, resulting in minimal change for the quarter. This contrasts with a plunge in spring 2008 as the economy entered a recession.

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