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The most recent wages price index figures saw annual wages growth for the private sector fall to 2.3% and for the public sector to 2.5% – both record lows: But what is driving this low growth?
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According to the Bank of Spain, credit to the private sector fell in March, as it has virtually every month since the fall of 2009.
Loans to the private sector fell by 0.3% in the year to September, the first decline on record.
Here, the private sector fell by 14% while the public sector took up some of the slack, growing by 10%.
From March 2008 to March 2009, employment in the private sector fell 4.2percentt, while employment in the federal rose 1.9percentt, according to the Bureau of Labor Statistics.
In the euro area, loans to the private sector fell by 1.4% in the year to October, while loans to non-financial companies fell by 3.7%.
Average hourly earnings in the private sector fell over the period that businesses reported having increased trouble finding qualified workers (December 2009 to September 2012).
Another is that in the region's seven main economies, bank lending to the private sector fell by 20% in real terms between mid-1998 and October 2003.
Loans to the private sector fell more sharply than expected.Despite the threat of war, British consumers spent avidly in March, lured to the shops by excellent weather.
Compared with January, lending to the private sector fell by 8 billion euros in February, though the level was still higher than it was a year earlier.
The number of people joining the ranks of senior civil servants from the private sector fell in 2009/10 and had yet to recover, the report said.
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CEO of Professional Science Editing for Scientists @ prosciediting.com