Miyerkules, Hunyo 17, 2015

UK unemployment falls as wages rise

Official figures from the Office of National statistics show that the number of people in unemployment between February and April has fallen by 43,000 to 1.81 million, down 349,000 on a year ago.

The unemployment rate has remained steady at 5.5%, the lowest level since August 2008. The total number of people now in employment has increased 114,000 more than the previous three-month period to 31.05 million.

The figures also recorded a record high employment rate for women of 68.6%.

Wage growth has risen at its fastest rate since August 2011, rising 2.7%, both including and excluding bonuses. Service sector pay rose at an annual rate of 2.9%, financial services rose 3.6% while the construction industry rose to a post-financial crisis high of 4.0%.

Employment Minister Priti Patel welcomed the figures, commenting: “Today’s figures confirm that our long-term economic plan is already starting to deliver a better, more prosperous future for the whole of the country, with wages rising, more people finding jobs and more women in work than ever before.”

The post UK unemployment falls as wages rise appeared first on UK Construction Online.


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