Real Wages to Rise in Early 2020 in Britain, But Uncertainty to Reign in Labor Market - Forex News by FX Leaders
Real Wages to Rise in Early 2020 in Britain, But Uncertainty to Reign in Labor Market

Real Wages to Rise in Early 2020 in Britain, But Uncertainty to Reign in Labor Market

Posted Friday, December 27, 2019 by
Arslan Butt • 1 min read

According to a forecast by the Resolution Foundation, real wages in Britain are estimated to rise to pre-financial crisis levels by early 2020. Despite economic growth in Britain languishing on account of Brexit uncertainties, pay adjusted for inflation is expected to register a sharp growth at the beginning of next year.

Even though Brexit has wreaked havoc on the economy, Britain has been enjoying record unemployment levels lately which has kept the labor market robust. However, the Resolution Foundation cautions, “The big question for 2020 is whether (the labour market) can continue its strong run, or whether it will reach a tipping point and reconnect with weaker growth performance.”

The foundation has also highlighted that job vacancies are on the decline while unemployment among the youth is on the rise in Britain. Meanwhile, productivity is staggering even as wage growth continues weakly, which could put pressure on Britain’s strong labor market into 2020.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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