extends its passenger cap to the end of that month. more now on the gap between pay growth and inflation reaching it s highest level since records began more than 20 years ago. average wages rose by 4.7% between april and june a far lower rate than increases in the cost of living. the office for national statistics says that means the real value of pay fell by 3%. we can buy a 3% less in goods and services than before. let s speak now tojonathan boys, who s a labour market economist at the chartered institute of personnel and development. he joins us live from kingston in surrey. thank you for being with us, jonathan. there were two things i mentioned a couple minutes ago that i hoped we could touch on in this half hour. number one, the difference between the public sector and the private sector, because there s always been a gap but it s
deeper into the numbers. jonathan boyesis deeper into the numbers. jonathan boyes is a labour market economist at the cip d, the body which represents human resources and people development. good to talk to you this morning. what do you make of these numbers? the you this morning. what do you make of these numbers? you this morning. what do you make of these numbers? the headlines are fantastic, especially of these numbers? the headlines are fantastic, especially on of these numbers? the headlines are fantastic, especially on the fantastic, especially on the employment figures, some of the statistics employment figures, some of the statistics i employment figures, some of the statistics i think need some attention or the forward looking ones attention or the forward looking ones. there is always a lead time of recruitment. ones. there is always a lead time of recruitment, the vacancies don t ust recruitment, the vacancies don t just tell recruitment, the vacancies don t
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