Market Watch

Wages On The Rise In The UK

18 Dec , 2014  

Market Watch ThursThe Office for National Statistics (ONS) has indicated that wage growth in the UK is picking up.

Average earnings between August and October were up 1.6% on the year before, excluding bonuses. Including bonuses, they were up by 1.4%.

This is the first time in six years that both figures have been above the rate of inflation.

It seems that unemployment rates have also fallen, but at a much slower rate than earlier in the year, leading commentators to speculate as to whether improvement has peaked.

Unemployment is at 6% which is equal to lowest that it has been in the last six years, with 1.96 million people still without work.

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