Wage Growth at Highest Level for Almost a Decade

Tuesday, 11th December 2018

Average weekly wages are 495, which is the highest since 2011 after taking inflation into account. The number of people in employment has also increased and is now at a record high of 32.48 million. This is the highest figure since 1971, when employment records began. Unemployment has increased by 20,000, up to 1.38 million however the total is still lower than it was in 2017.

The ONS says that the reason that both employment and unemployment have increased at the same time is that the population of the UK has risen, and there are more people joining the labour force. Students and older people who may not normally be counted in employment statistics are now being taken into account.

Employment Minister Alok Sharma noted that the statistics show that the jobs market has some enduring strength. However not everyone found the results pleasing. Margaret Greenwood, the Shadow Work and Pensions Secretary, said that the reality behind those figures is that there are more people now who are in work and in poverty, and that real wages are still lower than they were a decade ago.

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.