Wages are rising faster than prices to ease the pressure on employees, while jobs in Great Britain are rising further, new figures have been revealed today.
Wages – excluding bonuses – rose by 2.9 percent, against an inflation rate of 2.5 percent, according to labor market statistics.
The Bureau of National Statistics said the number of people in the work increased by 3,000 in the past three months to 32.4million.
And the number of unemployed in Britain fell by 55,000 to 1.36 million, an unemployment rate of 4 percent – the lowest in more than 40 years.
Wages – excluding bonuses – rose by 2.9%, against an inflation rate of 2.5%, according to labor market statistics (pictured)
The number of unemployed in the UK fell by 55,000 to 1.36 million, an unemployment rate of 4 percent – the lowest in more than 40 years
Vacancies have meanwhile increased by 14,000 on a quarterly basis to 833,000, a record high.
State Secretary for Work and Pensions Esther McVey said: & # 39; Since 2010 we have achieved significant growth in jobs, and in the past six months we have seen wage growth in real terms.
We have not had a lower unemployment rate for more than forty years and I am particularly proud that youth unemployment is at an all time low and has dropped by more than 45% since 2010 – and offers career opportunities for our next generation.
& # 39; In the EU we see unemployment rates higher than those of the UK. This government is transforming this country into a great working nation. Ready and prepared for the future challenges after the Brexit. & # 39;
US main labor market statistics David Freeman said: "With the number of people in work, little has changed, employment growth has weakened.
Secretary of State for Work and Pensions Esther McVey (pictured today in Downing Street) welcomed the job figures
"However, the labor market remains robust, with the number of people still working at a historically high level, a fall in unemployment in the year and a record number of vacancies
& # 39; Meanwhile, earnings have risen faster than prices for several months, especially when it comes to paying excluding bonuses. & # 39;
The number of people who are considered economically inactive, including students, long-term sick leave, retired early or who have given up their job search, has increased by 108,000 to 8.76 million in the last three months. 21.2 percent.
The number of self-employed fell by 46,000 to 4.8 million.
The applicant's census, including people on the job-seeker benefit and the Universal Credit Unemployment element, rose 8,700 to 918,800 in August, about 118,500 more than a year earlier.
The Bureau of National Statistics said the number of people in the work increased by 3,000 in the past three months to 32.4million