Report
United Kingdom : wages keep rising, labour market still tight
In the three month up to October, the UK economy experienced a decade-high wage growth. Regular pay (excluding bonuses) rose by 3.3% y/y in the three months through October. Total pay ( including bonuses ) also increased at a rate of 3. 3 % y/y over this period . Those figures exceed market expectations , confirm the tightness of UK labor market conditions – with unemployment rate remaining at 4.1% – and confirm BoE’s scenario of a robust wage growth trend.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
René Defossez
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