Employment rose by 379,000 in February, as the leisure and hospitality sector recouped about two-thirds of the jobs that were lost in December and January. Nonetheless, employment is still 9.5 million below its pre-pandemic level for the economy as a whole.
Meanwhile, with the releases of weak economic indicators, long-term government bond yields have fluctuated in a historically low range and stock prices have been declining since the end of March. BIS Review 32/1998  -2-  With respect to monetary aggregates, the growth in money stock continued to be rather high in February due to the substantial shift of funds away from investment trusts.