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Free AccessNominal Wage Growth Highest Since Financial.>
UK DATA: Nominal Wage Growth Highest Since Financial Crisis
- UK May-July total AWE +4.0% vs +3.8% Q2
- UK May-July ex-bonus AWE +3.8% vs +3.9% Q2
- UK May-July real total AWE +2.1% vs +1.9% Q2
- UK May-July real ex-bonus AWE +1.9% vs +2.0% Q2
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Wage growth continued to accelerate in the three months to July,
despite nascent signs of a slowdown in jobs growth. Total earnings rose
by the fastest pace since the three months to May 2008, or the beginning
of the financial crisis. Pay growth was strong across the board,
particularly in financial services, where total pay increased by an
annual rate of 5.3%, the fastest pace since the three months to August
2011. Despite a 7.7% rise in bonuses, regular pay growth (including
bonuses) slowed to 3.8% from 3.9% in the previous three-month period.
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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.