UK Thinktank Says Wages Rising Faster than 2007

Employment figures for April due later this week are expected to show the biggest rise in real wages growth for nearly eight years, according to new analysis.

The data will give George Osborne a post-election lift after a weak first few months of the year that have shown manufacturing output slide backwards and the biggest boost to growth come from the City and the hotel and restaurant sectors.

The Resolution Foundation thinktank predicted that average weekly earnings growth will have jumped to an annual rate of between 2.5% and 2.6% in February-April 2015, compared with 2.2% in January-March.

Combined with inflation falling to -0.1% in April, it means real wages rose by 2.5-2.7%, their fastest rate since October 2007, the study found.

via The Guardian

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza