US EditionWages continue to rise above inflation but less than expected: ONS
- UK average weekly pay grew by 5.9% for the three months to February, according to the Office for National Statistics .
- Wages surpassed inflation by about 3%, with a total increase of 2.8% including bonuses, as reported by the ONS.
- Inflation dropped to 2.8% in February due to falling prices of clothes and shoes, according to the ONS.
- Monica George Michail noted that the rise in the national minimum/living wage is expected to maintain elevated earnings growth.
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UK labour market shows slowdown signs in run-up to employer tax hike
Britain's labour market showed signs of weakening in the run-up to this month's increase in a tax on employers, according to data published on Tuesday, but wage growth remained strong, posing a conundrum for the Bank of England.
·United Kingdom
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Evening Standard+3 Reposted by 3 other sources
UK wage growth remains stubbornly high as unemployment steadies
The Office for National Statistics said average weekly pay grew by 5.9% for the three months to February.
·London, United Kingdom
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Total News Sources38
Leaning Left4Leaning Right2Center21Last UpdatedBias Distribution78% Center
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- 78% of the sources are Center
78% Center
15%
C 78%
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