Key information
Publication type: General
Publication date:
Contents
The overview
- UK CPI inflation falls to a record low
- Eurozone deflation intensifies but economic growth picks up
- US growth slows but remains firm in the fi nal quarter of 2014
Economic indicators
- Annual house price infl ation in London was 14.7% in Q4 2014, down from a downwardly revised 20.3% in Q3 2014.
- Firms in London increased their output of goods and services in January 2015.
- The PMI for the level of employment was 58.3 in January 2015 compared to 54.8 in December 2014.
Part-time employment in London: What is the evidence?
- Growth in part-time employment has been strong, but the share of part-time jobs in London is still lower than in the UK
- Differing industries and occupational mixes within the London and the UK economies are only part of the explanation for the lower share of part-time jobs in London, accounting for just over a third of the reason for the lower share. Other factors, such as “place effects” (ie, London-specific factors, such as the structure of the economy) and “people effects” (ie, individual-specific factors, such as gender and parental status) need to be taken into account.
- More than 60 per cent of part-time jobs in London were taken by women in 2014. However, this share remains below the 70.6 per cent registered in the UK
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