UK wage growth is provided as the job market weakens

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The Salary Growth of the United Kingdom was relieved during the three months until March, as employers maintained hiring ahead of strong increases in payroll taxes and minimum wages.

The annual growth of weekly wages was 5.6 percent, excluding the bonuses, in three months until March, the Office of National Statistics said on Tuesday. The figure was in line with the expectations of analysts and was reduced from 5.9 % in three months until February.

Separate figures show that the occupation of payroll fell 47,000 or 0.2 percent between February and March, leaving the number of employees from January to March compared to a year earlier. The April preliminary figures showed a fall more than 33,000 or 0.1 percent a month, as entrepreneurs sought ways to manage the increase in work costs.

Victoria Clarke, chief economist in the United Kingdom of Santander, said that ahead of the publication of data that the figures could support the opinion of the Bank of England “that a gradual path of flexibility is correct.”

The Central Bank reduced interest rates by 0.25 percentage points to 4.25 percent last week, but its monetary policy committee was divided in three ways, with two members who favored a larger reduction of 0.5 percentage and 2 more people votes to leave unchanged interest rates.

Two MPC members on Monday warned against running to reduce interest rates, emphasizing the need to see more evidence than inflationary pressures were released.

Clare Lombardelli, an Deputy Governor of BOE, said that salary growth was “still too high” to be consistent with the BOE inflation aim, although it seemed to be falling at the end of the year.