The Resolution Foundation Earnings Outlook Q3 2019

Unlike our politics, 2019 was a year of strength and stability in the labour market – a year when employment reached and stayed at record highs and pay growth neared pre-recession levels. The most recent set of labour market data (for the three months to October) underlined this – the 16-64 employment rate ticked up to a new record high of 76.2 per cent, while annual growth in real weekly pay (excluding bonuses) remained at a reasonably healthy 1.8 per cent.

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