Office for National Statistics figures show that unemployment dropped by 27,000 in the three months to February, to 1.34 million. Furthermore, the number of people in work is at a record high of 32.7 million, representing a rise of 179,000. This figure has actually increased by 457,000 over the past year. Matt Hughes, ONS Deputy…
Tag: unemployment rate
UK Wage Growth is at its Fastest in Nearly a Decade
Latest official data brings us the positive news that wages rose by 3.1% in the three months to August, in comparison with a year ago. Andy Haldane, Bank of England Chief Economist, recently said that he could see signs of a “new dawn” for wage growth. In August, the Bank of England said that it…Continue reading