While there are some early signs that the recovery in employment is sputtering, we aren't convinced that the labour market has turned for the worse just yet. With labour shortages still severe and the minimum wage rising the most in years, the upshot is that wage growth will accelerate sharply over the second half of the year.
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