UK wage growth nears 11-year high but hiring slows

The Office for National Statistics (ONS) said earnings, excluding the effects of bonuses, rose by 3.6% on an annual basis in the three months to May – beating the forecasts of economists.

When bonuses were included, the percentage figure rose to 3.4% from 3.2% a month earlier.

The data suggests a boost to household spending power as the rate of inflation, due to be updated on Wednesday, currently stands at 2%.

Source: https://news.sky.com/story/wage-growth-nears-11-year-high-but-hiring-slows-11764105

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s