Today’s labour market figures showed that the recent surge in employment has petered out and that real wage growth remains subdued, casting doubt over the likely strength of any recovery in consumer spending growth. But we still think that a gradual pick-up in earnings growth is in store later this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services