Wednesday, May 13, 2015

UK`s labour report

The average earnings index climbed to 1.9% in the first quarter.


In Figure 1.1 below, while the unemployment rate is single digit, the employment rate is merely 73.5%. This difference is caused by the definition of employment.


In figure 6.1 below, the average earnings is compared with the inflation. A trend can be seen where wages are rising but inflation is now at a level of 0. 

The full labour report can be found here

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