Employment and wage growth soared during the three months to April while the unemployment rate fell, according to the Office for National Statistics.
Outside of the COVID-19 pandemic, when wage statistics were skewed by furlough schemes, it was the highest reading on record.
Including bonuses, wage growth jumped to 6.5% from 6.1% previously, but it still lagged inflation, meaning Britons are suffering declining pay in real terms.
"With the possibility of higher-for-longer rates, a UK recession looks unavoidable as tight monetary policy filters into the real economy - including the housing market," Medhi said.
BoE officials are likely to note that the headline employment and wages data came in above all forecasts, while the unemployment rate was below all forecasts.
Persons:
BoE, Sterling, Hussain Mehdi, Medhi, Andy Bruce, Sachin Ravikumar, Sarah Young, Kate Holton, Bernadette Baum
Organizations:
Reuters, Bank of England, Office, National Statistics, RBC, HSBC Asset Management, Thomson