In the year to April 2024, many employees could be excused for thinking things were brightening up when it came to wages.
The first bit of comfort was that average employee pay grew by a very healthy 4.7%, compared to an inflation rate of 3.4%. Result: real extra money in people’s pockets.
In fact, wage growth so far for 2024 is above average in 47% of job sectors (compared with 2019). READ MORE