Retail, wages and RBNZ
NAB Morning Call
00:00
Is the Labor Market Still Strong in the UK?
Employment numbers, a and a dip in the number of new jobs. But more important, perhaps, what about wages numbers? So, five point one % increase in earnings including bonus,. which is down a bit from six point four%. Obviously, both annualized figures. Ye. I mean, that's got to be a good sign, isn't it? But i wonder, i wonder whether it can last. Cause that effectively means there's been a three % fall in real wages. A, which, according to the office of national statistics in the uc Is the biggest fall since atly started compiling this data in two thousand and one.
Play episode from 07:52
Transcript
