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HMRC Payrolls Change

Name: HMRC Payrolls Change
Creator: TipRanks

The 'HMRC Payrolls Change' in the UK measures the monthly change in the number of employees receiving pay through the HM Revenue and Customs' PAYE system. It is a key indicator of labor market health, reflecting employment trends and economic activity. This data is significant for the economy and financial markets as it provides insights into consumer spending potential and economic growth. A positive change typically boosts market confidence, while a negative change can signal economic slowdown.