Scheduled cash earnings in the Monthly Labour Survey have been positive on a year-on-year basis for three consecutive quarters since the turn of the year, with base pay being raised for two years in a row (Chart 4).
A strong banking industry is necessary for households and businesses to engage in the spending, saving, and investment that constitute economic activity, and one of the purposes of financial regulation is to ensure that  1  Wallace Stegner, “The American West as Living Space,” University of Michigan Press, 1988. -2banks continue to be able to serve this purpose.