Earnings growth slips back to 2.4%

shutterstock_234775651Average weekly earnings rose by 2.4% in the whole economy in the year to October 2015, down from 3.0% in the year to September, according to figures released by the ONS on 16 December. Earnings growth in the private sector slipped back from 3.4% in September to 2.7% in October, in part because of lower pay growth in finance and business services. Meanwhile pay growth in the public sector rose slightly from 1.4% in September to 1.6% in October, but remains weak.

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