UK payrolls took a massive hit in both November AND December. While the media looks for reasons to blame, the answer instead comes from all the rest of the world. Unemployment is on the rise all over the place, with the situations in some of them going way beyond softening or weakness. More than a few places you might not think of having a major employment downturn are, a warning to the world this is getting really serious. 

Eurodollar University's Money & Macro Analysis

Bloomberg Surprise UK Retail Sales Drop Fuels Economic Growth Worries
https://www.bloomberg.com/news/articles/2025-01-17/uk-retail-sales-fall-in-latest-setback-for-struggling-economy

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU