General World News

UK employment reaches a new record — as wages rise quicker than expected


  • UK unemployment rate stays at joint record low of 4.3%, while employment hits a record high, with 32.21 million people in work.
  • That represents an employment rate of 75.3%.
  • Average earnings increase by 2.4% excluding bonuses — remaining below inflation, but beating forecasts.

LONDON – The number of people employed in the UK has hit a fresh record, while wage growth continues to pick up, albeit slowly, according to the latest data from the Office of National Statistics.

The ONS said on Wednesday that there were “32.21 million people in work in the three months to November 2017.”

“Latest estimates from the Labour Force read more >>>

Source:: BusinessInsider.Com