Posted 7 years ago •
Real pay growth at its slowest rate for two years
Today's figures show that pay growth in the UK continues to disappoint. In the three months to January 2017, real wages (which strip out the effects of inflation) are now growing at the slowest rate for two years. This underlines the importance of increasing productivity, which remains the only sustainable route to higher wages, and therefore increased living standards.
The latest ONS data covers the period from January to March 2024 and shows a largely unchanged labour market that remains tight overall but continues to slowly soften.
The latest ONS data covers the period from December 2023 to February 2024 and shows a largely unchanged labour market that remains tight overall but continues to slowly soften.
The latest ONS data covers the period from November 2023 to January 2024 and shows a labour market that remains tight overall but continues to slowly soften. Growth in employment has slowed while economic inactivity has increased.