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Nov-Jan Wage Growth Stagnates Despite Jump..>

UK DATA
UK DATA: Nov-Jan Wage Growth Stagnates Despite Jump in Employment
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A surge in employment in the three months to January has failed to lift 
nominal earnings growth. Total earnings jumped by 3.4% in the period, 
down from 3.5% in the fourth quarter, while average earnings increased 
by 3.4%, matching the MNI median forecast and the outturn for the the 
previous three months. Real earnings were boosted by a decline in 
inflation to an annual rate of 1.8% in January. Regular real earnings 
increased by 1.4% in the latest period, up from a 1.3% gain in the 
fourth quarter, the fastes pace since the three months to August of 
2016.

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