You are here: Home » Reuters » News
Business Standard

UK wage growth unexpectedly stalls even as jobless rate hits new four-decade low

Reuters  |  LONDON 

LONDON (Reuters) - Workers in Britain have still not seen their wages rise more quickly than inflation despite unemployment falling to its lowest level since 1975, official data showed on Tuesday.Wages in the three months to February rose by 2.8 percent, unchanged from the three months to January and weaker than a median forecast of 3.0 percent in a Reuters poll of economists.Inflation over the period, as measured by the consumer price index, was around 2.9 percent.The ONS said the unemployment rate unexpectedly fell to 4.2 percent, its lowest since the three months to May 1975.The Bank of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, April 17 2018. 14:03 IST