The 'Average Earnings incl. Bonus (3Mo/Yr)' in the UK measures the change in the total earnings, including bonuses, paid to employees over a three-month period compared to the same period in the previous year. It is a key indicator of wage growth and consumer spending power, influencing inflation and monetary policy decisions. A higher-than-expected increase can lead to inflationary pressures, prompting the Bank of England to consider interest rate hikes, thus impacting financial markets and investor sentiment. This data is crucial for assessing the health of the labor market and the broader economy.
The 'Average Earnings incl. Bonus (3Mo/Yr)' in the UK measures the change in the total earnings, including bonuses, paid to employees over a three-month period compared to the same period in the previous year. It is a key indicator of wage growth and consumer spending power, influencing inflation...