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To support the cost of living crisis, we have had to adapt our wage offering and that included a 5% pay increase for all the team across haven, alongside the national living wage and also the minimum wage. we felt that's really supporting the team at most needed during this time of crisis. the average pay rise was 7.8% in the yeartojune, higher than it's been in more than 20 years, but still not enough to catch up with prices. unemployment rose slightly from 4 to 4.2%, but it's still low. the number of vacancies advertised has dropped by 66,000, but there's still more than a million, meaning e...

The same period a year earlier. it's the highest for more than two decades. even higherfor people in the private sector. however, when you take into account the most used measure of inflation, rising prices, wages are still falling by 0.6%. however, they are falling by a lot less than they have been recently. basically, dig into the details and the direction of travel appears to be that people's pay appears to be recovering and our average spending power should start increasing soon. but not quite yet.— but not quite yet. let's also focus on employment- _ there are signs in the ons's data th...

Despite the rise in salaries, consumersjust aren't despite the rise in salaries, consumers just aren't feeling the benefit and, in fact, household spending has been falling for the fourth straight month stop earlier, spoke to a consumer sector specialist who explained why people aren't buying more, despite the wage hikes. ~ ., ., , buying more, despite the wage hikes. ~ . ., , ., , hikes. what was out shows the on household _ hikes. what was out shows the on household spending - hikes. what was out shows the on household spending was - hikes. what was out shows the on household spending was fo...

Well, the country that experienced deflation orfalling prices back in the 1990s is now seeing the opposite. we are talking aboutjapan. inflation injapan has been hovering at around a ito—year high, and that means that despite a rise in wages, consumers aren't feeling the benefit. in fact, household spending has slipped for a fourth straight month. earlier, i spoke to consumer sector specialist nobuko kobayashi, who explained by people aren't buy more despite the wage hikes. thejune the june number that was out that shows that year on year growth on household spending was negative for four co...

Here. and this is headline. this includes food and energy, which as we talked about before, has driven a lot of the inflation during this past cycle. when you take food and energy out, which is what the fed and most economists do what we call corps has not been as inflationary, but the pce again is sitting here at about 4.8%. we are going to get a new pc number on friday. the hope is for 4.2%. that would really be great, and that is one of the things the fed is watching to get down to this 2% level. it wants to be a 2% before it really starts cutting interest rates. really starts cutting inter...