Wage growth is still in the slow lane, says TUC
“Despite continued jobs growth, a full recovery in the value of wages is still years away. Average weekly earnings are still worth £40 a week less than before the crash and pay growth remains too slow.
16 March 2016
Commenting on the latest labour market data published today (Wednesday) by the Office for National Statistics, which show a high employment rate, but regular annual pay growth of only 2.2%, TUC General Secretary Frances O’Grady said:
“Despite continued jobs growth, a full recovery in the value of wages is still years away. Average weekly earnings are still worth £40 a week less than before the crash and pay growth remains too slow.
“The government needs to do more to build a high investment, high productivity economy with more better paid work.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
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