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Tuesday, October 16, 2018

Wage Growth 3.1% - Fastest In Ten Years

As per the ONS
  • Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 3.1% excluding bonuses, and by 2.7% including bonuses, compared with a year earlier.

  • Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.7% excluding bonuses, and by 0.4% including bonuses, compared with a year earlier.
The number of people in work remains at a near-record high, while the unemployment rate is at its lowest since the mid-1970s

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