Salaries in the United Kingdom grow 4%

The Office of National Statistics (ONS) presented the figures, which are ranked as the best since 2008

The wages of workers in the United Kingdom registered an increase of 4% between May and July, a figure that had not been observed since 2008, while the labor market remained at record highs, according to labor data released on Tuesday by the Office of National Statistics (ONS).

If extraordinary bonus bonuses are excluded, the increase between May and July was 3.8%, one tenth less than in the period from April to June.

On the other hand, adjusting the increases to inflation, the total rise in salaries stood at 2.1%, the best figure since the quarter from July to September 2015. If bonuses are also discounted, wages British workers grew 1.9%, one tenth less than in the three months ended in June.

In absolute terms, the ONS explained that, in July, workers in the United Kingdom received an average salary of 469.6 pounds per week in real terms, the best figure since June 2009. However, they are still below the maximum of £ 473 per week recorded in April 2008, just before the crisis.

The British statistical office also detailed, in conjunction with the improvement in wages, that the employment rate in the United Kingdom stood at 76.1% between May and July, which is the best reading since the agency began the series Historical in March 1971.

K. Tovar

Source: Eleconomista

Comments are closed.