Triple lock Average earnings data helps drive uplift
The Guardian|September 11, 2024
Among the many figures included in the monthly health check of the UK labour market from the Office for National Statistics one had special significance: the annual increase in average earnings.
Larry Elliott
Triple lock Average earnings data helps drive uplift

That's not because the other pieces of data don't matter. The jobless rate (which fell from 4.2% to 4.1%), the number of people in work, the level of vacancies and the days lost through strikes all convey important information about the state of the economy.

But this month there was particular focus on the rise in earnings between May and July compared with the same three months a year ago because that figure -4% - is used to calculate one part of the pensions triple lock.

This story is from the September 11, 2024 edition of The Guardian.

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This story is from the September 11, 2024 edition of The Guardian.

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