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The decline in EU immigration into the UK in the wake of the Brexit Turmoil continues to be a boon for workers, with unemployment falling to the lowest level since the 1970s and UK wages surging:
Wage growth beat market and economist expectations in the three months from February to April.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.