UK WAGE GROWTH PICKS UP TO 11-YEAR HIGH

Aruba, August 14, 2019 – Wage growth in the UK reached an 11-year high in the year to June, and the employment rate was its joint highest since 1971, official figures show.

Wage growth rose to 3.9%, while the estimated 76.1% employment rate was the best since comparative records began. Overall, a record high of 32.81 million people were in employment, the Office for National Statistics (ONS) said.

This was 425,000 more than a year earlier and was largely because of more people working full-time. However, the unemployment rate in the April to June period showed a slight rise.

Figures released last week indicated that the UK’s economy shrank 0.2% in the second quarter of the year, the first contraction since 2012.

What is behind the increase in wages?

Wages have been increasing at a faster pace than inflation since March 2018.

The 3.9% increase in regular pay – which excludes bonuses – was up from last month’s figure of 3.6%.

Part of the reason for the rise was the unusual timing of annual pay rises for public health workers last year, when a larger-than-usual increase was deferred until July.

Read more here.

Scroll To Top

Events

    Upcoming Events

    1. Workshop: Basic Data Analysis for Business

      August 20 @ 9:00 am - 1:00 pm
    2. CINEX Smart Investment Summit 2019

      August 28 - September 29
    3. Miacon Construction Show 2019

      September 15 - September 17
    4. Aruba Chamber Business Event 2019

      September 27 @ 7:00 pm
    5. Handelsmissie en congres

      November 25 - November 30

    Make an appointment

Sitemap | Privacy Policy | Disclaimer | By orbitalnets