The recent run of chunky rises in employment is helping to cushion the blow to households’ finances from record low wage growth. The past volatility of the data suggests it’s wise not to get too excited. But the recent improvement poses an upside risk to our cautious GDP growth, inflation and interest rate forecasts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services