U.K. Wages Lag as Unemployment Falls to 42-Year Low

The video discusses the UK's economic situation, focusing on unemployment, wage growth, and inflation. It highlights the low jobless rate and its impact on living standards, the relationship between inflation and wage growth, and the pressure on consumers. The discussion also covers the Bank of England's monetary policy stance and the potential implications of domestic inflationary pressures.

What was the unexpected change in the UK's weekly earnings?

• Increased to 2.3%

• Decreased to 2.1%

• Remained at 2.2%

• Increased to 2.5%

Why might Mark Carney need to write to the chancellor?

• Because unemployment increased

• Because wage growth exceeded 3%

• Because inflation was near 3%

• Because inflation was below 2%

What has been a significant factor in mitigating the impact of economic slowdown in the UK?

• Decrease in inflation

• Increase in consumer debt

• Decrease in consumer debt

• Increase in public sector wages

What is the current state of the UK's jobless rate?

• Lowest in four decades

• Highest in two decades

• Unchanged from last year

• Increasing steadily

What is the MPC's current stance on monetary policy?

• Completely unified

• Fairly split

• Very hawkish

• Very dovish