UK: Slowdown in wage growth momentum yet to materialize – TDS – by eren_fxstreet UnitedKingdom Employment Macroeconomics Banks
increased to 3.8% in the three months ending in February, as the labour market continues to soften."
"Private sector regular pay, the MPC's favorite wage growth measure, increased 0.9% m/m. The data appears to confirm our view that strike action in December and January weighed on wage growth those months. As such, the slowdown in wage growth momentum has yet to properly materialize." If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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