U.K. Wage Growth Picks Up as Jobless Rate Falls
Annual weekly earnings growth excluding bonuses rose to 3.7% in the three months through August, from an upwardly revised 3.6%, while unemployment declined. The figures boosted the likelihood of a Bank of England rate increase next month.
U.K. wage growth edged higher in the three months through August, while unemployment declined, increasing the likelihood of a Bank of England rate increase next month. Annual growth in weekly earnings excluding bonuses reached 3.7%, up from an upwardly revised 3.6% i…