Q&A time

  • Job gains have remained very sturdy
  • If we're downshifting in jobs it's tiny
  • Wage gains are gradually starting to pick up
  • There's probably still a little slack in the labour market
  • Q3 GDP will be quite stronger that H1
  • H2 should be 2% or more
  • Q2 GDP was misleading due to a drag from inventories

So we'll all wait for the inventory catchup then. I won't be holding my breath ;-)