Features

Money Minute Tuesday 10 September: UK employment and wage inflation figures

Tuesday’s Money Minute looks at today’s release of UK employment and wage inflation data.

Welcome to Tuesday's Money Minute.

In the UK, Parliament is due to be suspended from today.Meanwhile, UK employment data for the quarter to the end of July comes out. The unemployment rate is expected to remain at 3.9%.

Employment is a lagging indicator. Other economic data shows signs of a slowing economy before anything shows up in the jobless figures. With other data pointing to a slowdown recently, investors will watch closely for signs that the labour market is weakening too.

The other key figure to watch is wage inflation, which came in at 3.9% last time. It's expected to be a little lower than that today, at closer to 3.8%. A significantly higher reading could raise concerns about wider inflation at the Bank of England.

Recommended

Weak inflation data may gives the Bank of England an excuse to cut rates
Economy

Weak inflation data may gives the Bank of England an excuse to cut rates

UK inflation is edging lower, and is now well below the Bank of England’s 2% target rate. That could mean even lower interest rates. Here's why. 
15 Jan 2020
How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Why negative interest rates are a lousy idea
UK Economy

Why negative interest rates are a lousy idea

The Bank of England’s governor says negative interest rates can encourage investment rather than having cash stashed in the bank. But is that really t…
22 Oct 2020
I wish I knew what negative interest rates were, but I’m too embarrassed to ask
Too embarrassed to ask

I wish I knew what negative interest rates were, but I’m too embarrassed to ask

There’s been a lot of talk from the Bank of England recently about introducing “negative interest rates”. So what on earth are they, and what would th…
20 Oct 2020

Most Popular

How will we repay our vast debt pile? Do we even need to?
Sponsored

How will we repay our vast debt pile? Do we even need to?

In his recent articles looking at different aspects of the fixed-income investing world, David Stevenson looked at inflation. Today he looks at a clos…
19 Oct 2020
Negative interest rates and the end of free bank accounts
Bank accounts

Negative interest rates and the end of free bank accounts

Negative interest rates are likely to mean the introduction of fees for current accounts and other banking products. But that might make the UK bankin…
19 Oct 2020
The Bank of England should create a "Bitpound" digital currency and take the world by storm
Bitcoin

The Bank of England should create a "Bitpound" digital currency and take the world by storm

The Bank of England could win the race to create a respectable digital currency if it moves quickly, says Matthew Lynn.
18 Oct 2020