ONS data for three months to January is unlikely to convince Bank of England to cut interest rates
Wage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.
Average earnings fell to 3.8% in the three months to January, from 4.2%, which was a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years.
Continue reading…ONS data for three months to January is unlikely to convince Bank of England to cut interest ratesBusiness live – latest updatesWage growth slowed sharply in the three months to January according to the latest snapshot of the jobs market from the Office for National Statistics.Average earnings fell to 3.8% in the three months to January, from 4.2%, which was a larger fall than forecast by City economists. It was the slowest rate of wage growth in more than five years. Continue reading…
