Tags: EU | Britain | Economy

UK Wages Continue to Lag Inflation Despite low Unemployment

UK Wages Continue to Lag Inflation Despite low Unemployment

Wednesday, 18 October 2017 05:52 AM EDT

LONDON (AP) — Official figures show that household incomes in Britain continue to be squeezed even though the country's unemployment rate remains at its lowest level in 42 years.

The Office for National Statistics said Wednesday that average weekly earnings including bonuses increased by 2.2 percent in the three months to August from the same period a year ago. Excluding bonuses, average earnings were 2.1 percent higher.

Whichever measure is used, earnings continue to lag inflation. Inflation stood at 2.9 percent in August and rose to 3 percent in September, its highest level since 2012.

Separately, the statistics agency said unemployment fell by 52,000 on a quarterly basis to 1.44 million. That lowered the unemployment rate by 0.2 percentage point on a quarterly basis to 4.3 percent, its joint-lowest since 1975.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Official figures show that household incomes in Britain continue to be squeezed even though the country's unemployment rate remains at its lowest level in 42 years.The Office for National Statistics said Wednesday that average weekly earnings including bonuses increased by...
EU,Britain,Economy
130
2017-52-18
Wednesday, 18 October 2017 05:52 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved