Sharp Drop in Pay Growth as a Result of Covid-19

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First Signs of Severe Labour Market Impact of Covid-19

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Wage Growth to Slow Further

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Wage Growth Likely to be Hit by the Covid-19 Outbreak​

Figure 1 – Average weekly earnings growth (per cent per annum)

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Slight rebound expected for earnings growth

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Real pay growth to strengthen at start of 2020​
 

Figure 1 - Average weekly earnings growth (per cent per annum)

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Year Ends With Softer Pay Growth

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Uncertainty Taking Toll on Labour Market

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Labour market weathering an increasingly difficult economic environment ​

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Strong earnings data driven by July bonuses and public sector pay but further pick-up unlikely

Figure 1 – Average weekly earnings growth (per cent per annum)

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