Employment And Wages At Record Highs



UNEMPLOYMENT is at its lowest level since 1975.

The employment rate and the number of people in full-time work are at record highs. Wages have risen ahead of prices for 21 months in a row.

Unemployment rate is at its lowest level since January 1975 (3.8%).

Unemployment has fallen to 1.28 million.

That’s down 93,000 over the past year and down by 1.23 million since 2010.

Employment rate overall is 32.8 million (76.2%).

That’s up 309,000 over the last year and up by 3.75 million since 2010.

Number of people in full-time work at a record high with an increase of 24,000 taking the total number of people in full time work up to 24.24 million.

That’s up 272,000 over the last year and 3.02 million since 2010.

Average weekly earnings for employees increased by 3.5 per cent compared with a year earlier.

Thus growing by 1.8 per cent after adjusting for inflation.

Wages have risen ahead of prices for 21 months in a row now too.

466,000 fewer young people out of work since 2010.

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