Phillips Curve - wage growth v unemployment rate
Grey = past 2 years; Orange = December 2016 figures
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
3.8
4.0
4.2
4.4
4.6
4.8
5.0
5.2
5.4
5.6
5.8
6.0
6.2
6.4
6.6
6.8
7.0
7.2
7.4
7.6
7.8
8.0
Unemployment rate
Wages growth
