Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (LONDON) - UK earnings growth slowed again in the three months to June, but regular pay levels are still sitting at levels uncomfortable for the Bank of England.
Average regular earnings (ex-bonuses) was 5.4% in the latest period, the Office for National Statistics said Wednesday, noting that growth was last
lower than this in May to July 2022, when it was 5.2%. Annual growth in total earnings was 4.5%, lower as it was affected by comparing with a period including June 2023 when the NHS one-off bonuses were paid.
The unemployment rate fell to 4.2% from 4.4% in May. The rate was also below the BOE's latest forecast, but the ONS again warned that the data is still less than solid, adding that an update on the shift to the new transformed labour force survey is expected in Q1 2025.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.