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Podcast: Beyond Currency
Episode: 16th February 2022 - Wages growing, but still well below inflation
Description: "The number of people claiming unemployment benefit in the UK fell to 31.9K in January, but the number for December was revised up from 43.3k to 51.6k.
The actual number of people claiming benefits is not as important as the trend, which continues to show a degree of tightness in the labour market.
Wages are beginning to pick up but are still well below the rate of inflation. That will have pleased Bank of England Governor Andrew Bailey, but it is expected that demands for greater increases, at least in line with inflation, will begin to be demanded.
Annual pay...