U.K. Workers Get Real Pay Increase as Labor Market Tightens

Photo of U.K. Workers Get Real Pay Increase as Labor Market Tightens
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Commuters leave Heron Quay station as a Docklands Light Railway (DLR) train approaches the Canary Wharf financial, business and shopping district in London, U.K., on Monday, Aug. 14, 2017. The Docklands Light Railway, a low-capacity rail system connecting the City of London to the Docklands area that carries 122 million passengers a year, began operating on Aug. 31, 1987. Photographer: Simon Dawson/Bloomberg

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#dan hanson
#employment
#unemployment
#earnings
#interest rates
#wage growth
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#fixed income
#monetary policy
#labor