UK Wage Growth Slows as Labour Market Nears Full Capacity

Wages grew 2.6% in the three months to December, faster than the rate of inflation, figures show.

However, the rate of wage growth slowed down, leading analysts to suggest households could face a “squeeze” on spending later this year.

The Office for National Statistics (ONS) data also indicated the jobless rate held steady at an 11-year low of 4.8% during the period.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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