UK Wage Growth Resilient Amid Signs of Cooling Labour Market

Published on June 11, 2024

UK wage growth remained resilient in the latest reported quarter, but economists expect it to gradually slow down as the labour market cools in the following months. In the three months to April, total earnings held at 5.9 percent, the same as for the previous three-month period. The figure excluding bonuses was 6 percent, a “touch softer” than economic forecasts of 6.1 percent, the Office of National Statistics (ONS) has reported. Sector-wise, the annual average regular earnings growth for the public sector remained strong at 6.4 percent. The private sector, which is closely watched by the Bank of England, showed growth of 5.8 percent. This is the slowest pace in two years for average weekly earnings in the private sector, despite the increase in the National Living Wage by 9.8 percent to £11.44....

Continue reading on website
Other news

Over 4,000 Residents Flee Southern Mexico Town After Armed Gangs Start Shooting, Burn Homes

June 11, 2024
MEXICO CITY—Mexican President Andrés Manuel López Obrador said Monday that authorities have had to set up camps for displaced people after some 4,200 residents fled a town in the southern state of Chiapas.Residents of the town of Tila fled over the weekend after armed gangs shot up the town and burned many homes last week, state prosecutors said. It was probably the biggest mass displacement in Ch

Conrad Black: Our Media Should Help Sustain a Knowledgeable and Informed Electorate

June 11, 2024
CommentaryI was graciously invited to have a conversation with the Western Association of Broadcasters president, David Craig, at the WAB’s annual meeting at the magnificent Banff Springs Hotel on June 6. David was very articulate and put to me a number of questions whose answers he thought could possibly be of interest to the members, and it was a very cordial exchange.I had the opportunity to re