Fall in UK unemployment a “vanilla irrelevance as labour market inflicts increasing wage pain” – reaction from Indeed economist

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Mariano Mamertino, EMEA economist at the global job site, Indeed, comments:

Posted inOpinionon14 Sep 2017 Company ProfileIndeedView profile »

“Economic textbooks suggest the UK’s falling unemployment rate will eventually ride to the rescue of the millions of Britons suffering from falling real wages.

“The theory goes that with unemployment now well below what the Bank of England deems the ‘natural’ rate – coupled with the lowest inactivity rate in decades – employers will have to start paying higher wages to attract the staff they need to grow.

“But so far the theory has failed to keep up with reality. With consumer prices now

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